NCR Atleos (NYSE:NATL) Sets New 12-Month High - Here's What Happened

Key Points

• NCR Atleos Corporation shares reached a new 1-year high of $38.89 during trading, with a volume of 159,117 shares exchanged on Thursday.
• Wall Street analysts have increased their price targets for NCR Atleos, with Wedbush raising it to $45.00 and upgrading the stock to an "outperform" rating.
• The company reported $0.93 earnings per share for the quarter, surpassing analysts' expectations, and has seen an annual revenue increase of 2.2%.

NCR Atleos Corporation (NYSE:NATL - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $38.89 and last traded at $38.76, with a volume of 159117 shares. The stock had previously closed at $38.49.

Analyst Ratings Changes

A number of research analysts have weighed in on NATL shares. Wall Street Zen upgraded shares of NCR Atleos from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Stifel Nicolaus upped their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the company a "hold" rating in a report on Friday, August 8th. Zacks Research raised shares of NCR Atleos from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wedbush boosted their price objective on NCR Atleos from $35.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $41.00.

NCR Atleos Stock Down 0.5%

The company has a market cap of $2.85 billion, a PE ratio of 12.47 and a beta of 1.02. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 8.00.

NCR Atleos (NYSE:NATL - Get Free Report) last released its earnings results on Saturday, August 9th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.09. NCR Atleos had a net margin of 3.09% and a return on equity of 80.62%. During the same period in the prior year, the company posted $0.39 earnings per share. NCR Atleos's revenue was up 2.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NATL. State Street Corp increased its stake in shares of NCR Atleos by 1.2% during the 2nd quarter. State Street Corp now owns 2,761,117 shares of the company's stock worth $78,775,000 after purchasing an additional 31,684 shares during the last quarter. Engine Capital Management LP increased its position in NCR Atleos by 22.3% during the second quarter. Engine Capital Management LP now owns 2,415,779 shares of the company's stock worth $68,922,000 after buying an additional 440,741 shares during the last quarter. Clifford Capital Partners LLC raised its holdings in NCR Atleos by 3.0% during the second quarter. Clifford Capital Partners LLC now owns 736,439 shares of the company's stock valued at $21,011,000 after buying an additional 21,766 shares in the last quarter. Simcoe Capital Management LLC acquired a new stake in shares of NCR Atleos in the second quarter worth about $20,282,000. Finally, Bank of America Corp DE increased its holdings in shares of NCR Atleos by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 581,465 shares of the company's stock valued at $16,589,000 after acquiring an additional 29,437 shares during the last quarter. 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.