NCR Atleos (NYSE:NATL) Stock Moved Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of NCR Atleos (NYSE:NATL) to a buy rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Price Performance

NATL opened at $45.80 on Friday. The firm has a 50-day moving average price of $46.02 and a 200-day moving average price of $44.41. NCR Atleos has a twelve month low of $33.31 and a twelve month high of $48.50. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.75 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.44. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. The business had revenue of $1.10 billion during the quarter.

Hedge Funds Weigh In On NCR Atleos

A number of large investors have recently modified their holdings of the company. Sound Income Strategies LLC raised its holdings in shares of NCR Atleos by 245.7% during the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after acquiring an additional 457 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of NCR Atleos during the second quarter valued at approximately $83,000. Sterling Capital Management LLC boosted its position in shares of NCR Atleos by 839.6% in the 3rd quarter. Sterling Capital Management LLC now owns 2,443 shares of the company’s stock worth $110,000 after purchasing an additional 2,183 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of NCR Atleos by 9.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,316 shares of the company’s stock worth $150,000 after purchasing an additional 300 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of NCR Atleos in the 2nd quarter worth approximately $161,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and automated teller machine (ATM) solutions. The company provides ATMs, software, managed services and related infrastructure that enable banks, retailers and independent ATM operators to deliver cash access and other routine banking services.

Its offerings include ATM-as-a-service, ATM deployment and management, cash management, transaction processing, maintenance and field support. NCR Atleos also provides software and digital tools designed to help financial institutions manage ATM networks, improve availability and connect self-service channels with broader banking operations.

NCR Atleos was separated from NCR Corporation in 2023, while the remaining company became NCR Voyix.