NCR Atleos (NYSE:NATL – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.35 earnings per share for the quarter, FiscalAI reports. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%. The firm had revenue of $1.10 billion during the quarter.
NCR Atleos Trading Up 3.6%
NYSE:NATL traded up $1.69 during trading hours on Wednesday, hitting $48.33. 435,289 shares of the stock were exchanged, compared to its average volume of 816,868. The company’s 50 day moving average is $46.03 and its two-hundred day moving average is $44.48. NCR Atleos has a twelve month low of $33.31 and a twelve month high of $48.60. 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 $3.57 billion, a P/E ratio of 18.73 and a beta of 0.57.
Institutional Investors Weigh In On NCR Atleos
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of NCR Atleos by 198.2% in the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after purchasing an additional 1,237,227 shares during the period. Bank of New York Mellon Corp bought a new stake in NCR Atleos during the 2nd quarter worth approximately $20,240,000. Maven Securities LTD acquired a new stake in NCR Atleos during the 2nd quarter worth approximately $7,002,000. Arrowstreet Capital Limited Partnership raised its holdings in NCR Atleos by 201.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 211,815 shares of the company’s stock worth $9,231,000 after buying an additional 141,658 shares during the period. Finally, Caxton Associates LLP acquired a new stake in NCR Atleos during the 1st quarter worth approximately $6,026,000. 88.66% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on NATL. Weiss Ratings raised NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded NCR Atleos to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.27.
Read Our Latest Research Report on NATL
NCR Atleos Company Profile
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.
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