NCR Atleos Corporation (NYSE:NATL) Given Average Recommendation of "Hold" by Brokerages

Key Points

• NCR Atleos has a consensus “Hold” rating from five analysts, with an average 12-month price target of approximately $50.27 versus the stock’s reported $46.74 price.
• The stock was up 1.5% and recently reported quarterly earnings of $1.49 per share, beating analysts’ $1.05 consensus estimate; revenue totaled $1.10 billion.
• Institutional investors own 88.66% of NCR Atleos, with major holders including State Street, Engine Capital Management, Bank of America, Dimensional Fund Advisors, and Charles Schwab Investment Management.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $50.2667.

A number of research analysts have weighed in on NATL shares. DA Davidson reaffirmed a "neutral" rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Zacks Research lowered shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday.

NCR Atleos Stock Up 1.5%

NYSE:NATL opened at $46.74 on Friday. NCR Atleos has a 1 year low of $33.31 and a 1 year high of $48.50. The stock has a 50-day moving average price of $45.65 and a two-hundred day moving average price of $44.40. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 18.12 and a beta of 0.57. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 5.84.

NCR Atleos (NYSE:NATL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.The business had revenue of $1.10 billion for the quarter. As a group, equities analysts expect that NCR Atleos will post 4.5 earnings per share for the current year.

Institutional Trading of NCR Atleos

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in NCR Atleos by 0.9% during the fourth quarter. State Street Corp now owns 2,792,251 shares of the company's stock worth $106,413,000 after purchasing an additional 25,510 shares during the last quarter. Engine Capital Management LP lifted its position in NCR Atleos by 7.2% during the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company's stock worth $98,382,000 after buying an additional 172,846 shares in the last quarter. Bank of America Corp DE lifted its position in NCR Atleos by 198.2% during the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company's stock worth $81,121,000 after buying an additional 1,237,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NCR Atleos by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company's stock worth $71,293,000 after buying an additional 58,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NCR Atleos by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company's stock worth $53,306,000 after buying an additional 157,429 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

About NCR Atleos

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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