NCR Atleos (NYSE:NATL) Reaches New 12-Month High – Still a Buy?

NCR Atleos Corporation (NYSE:NATL) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.50 and last traded at $47.09, with a volume of 1837178 shares. The stock had previously closed at $48.06.

Analyst Upgrades and Downgrades

NATL has been the subject of several recent analyst reports. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research note on Wednesday. DA Davidson restated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Wall Street Zen downgraded shares of NCR Atleos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price objective for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Stock Performance

The company has a market cap of $3.34 billion, a P/E ratio of 20.12 and a beta of 0.79. The company’s 50-day moving average is $40.32 and its two-hundred day moving average is $38.84. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.22 by $0.27. The business had revenue of $1.15 billion for the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS.

Hedge Funds Weigh In On NCR Atleos

Several institutional investors have recently bought and sold shares of NATL. Universal Beteiligungs und Servicegesellschaft mbH increased its position in NCR Atleos by 1.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock worth $993,000 after buying an additional 370 shares during the last quarter. Seizert Capital Partners LLC lifted its position in shares of NCR Atleos by 63.0% during the 2nd quarter. Seizert Capital Partners LLC now owns 123,668 shares of the company’s stock valued at $3,528,000 after buying an additional 47,781 shares during the last quarter. Swiss National Bank grew its stake in shares of NCR Atleos by 5.0% during the 2nd quarter. Swiss National Bank now owns 140,180 shares of the company’s stock worth $3,999,000 after acquiring an additional 6,700 shares during the period. JPMorgan Chase & Co. increased its holdings in NCR Atleos by 5.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock worth $3,558,000 after acquiring an additional 5,946 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in NCR Atleos in the 2nd quarter worth about $3,684,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Company Profile

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.