NCR Atleos (NYSE:NATL) Sets New 52-Week High - Here's What Happened

Key Points

• NCR Atleos Corporation's stock reached a new 52-week high of $40.06, closing at $39.77 with a volume of 512,386 shares traded.
• Analysts have raised price targets for NCR Atleos, with Wedbush increasing theirs from $35.00 to $45.00 and Zacks Research upgrading their rating from "strong sell" to "strong-buy."
• The company reported a quarterly earnings per share (EPS) of $0.93, exceeding expectations and indicating a 2.2% revenue growth year-over-year.

NCR Atleos Corporation (NYSE:NATL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.06 and last traded at $39.77, with a volume of 512386 shares. The stock had previously closed at $39.74.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wedbush boosted their target price on shares of NCR Atleos from $35.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus lifted their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of NCR Atleos from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Finally, Zacks Research upgraded NCR Atleos from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $41.00.

NCR Atleos Stock Performance

The company has a market cap of $2.92 billion, a P/E ratio of 22.55 and a beta of 1.02. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.05 and a quick ratio of 0.84.

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

Institutional Investors Weigh In On NCR Atleos

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its stake in shares of NCR Atleos by 60.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company's stock valued at $29,000 after buying an additional 384 shares during the period. Tower Research Capital LLC TRC raised its stake in NCR Atleos by 214.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,039 shares of the company's stock worth $229,000 after buying an additional 5,481 shares during the last quarter. CW Advisors LLC bought a new stake in NCR Atleos during the second quarter valued at $262,000. BNP Paribas Financial Markets raised its position in shares of NCR Atleos by 14.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock worth $312,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Amundi bought a new position in shares of NCR Atleos in the 2nd quarter worth about $349,000. Institutional investors own 88.66% of the company's stock.

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.