NCR Atleos Corporation (NYSE:NATL – Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,474,672 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 871,139 shares.The stock last traded at $43.30 and had previously closed at $43.31.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on NATL. Weiss Ratings cut NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a report on Wednesday, March 4th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and raised their price target for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.27.
Read Our Latest Research Report on NCR Atleos
NCR Atleos Stock Up 0.0%
NCR Atleos (NYSE:NATL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The company had revenue of $1.04 billion for the quarter. During the same quarter in the prior year, the firm posted $0.64 EPS. NCR Atleos’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current year.
Institutional Trading of NCR Atleos
Several institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its holdings in shares of NCR Atleos by 66.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after buying an additional 276 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in NCR Atleos by 245.7% in 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 during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in NCR Atleos during the fourth quarter valued at about $31,000. Global Retirement Partners LLC grew its position in NCR Atleos by 134.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock valued at $46,000 after acquiring an additional 694 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in NCR Atleos during the fourth quarter worth about $51,000. 88.66% of the stock is owned by hedge funds and other institutional investors.
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.
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