NCR Atleos (NYSE:NATL) Sees Strong Trading Volume – What’s Next?
by Doug Wharley · The Cerbat GemNCR Atleos Corporation (NYSE:NATL – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 822,687 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 809,793 shares. The stock last traded at $45.83 and had previously closed at $46.05.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.27.
View Our Latest Stock Report on NATL
NCR Atleos Trading Up 1.3%
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 stock has a market cap of $3.41 billion, a PE ratio of 10.42 and a beta of 0.57. The firm has a 50-day simple moving average of $46.06 and a 200-day simple moving average of $45.30.
NCR Atleos (NYSE:NATL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.05 by $0.44. The firm had revenue of $1.10 billion during the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. Equities analysts forecast that NCR Atleos Corporation will post 4.50 earnings per share for the current year.
Hedge Funds Weigh In On NCR Atleos
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in 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 worth $81,121,000 after acquiring an additional 1,237,227 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NCR Atleos during the 2nd quarter valued at about $20,240,000. Engine Capital Management LP boosted its position in shares of NCR Atleos by 7.2% during the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after acquiring an additional 172,846 shares during the last quarter. Maven Securities LTD purchased a new position in shares of NCR Atleos during the second quarter worth about $7,002,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of NCR Atleos by 201.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 211,815 shares of the company’s stock worth $9,231,000 after purchasing an additional 141,658 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
NCR Atleos Company Profile
NCR Atleos Corporation is a financial technology company focused on self-service banking and payment solutions. The company provides automated teller machines (ATMs), ATM-as-a-Service offerings, managed services, software, transaction processing, cash management and related support for financial institutions, retailers and other businesses.
Atleos also operates the Allpoint network, which provides consumers with access to surcharge-free ATMs through participating financial institutions and retail locations.