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

Key Points

• NCR Atleos Corporation's stock reached a new 52-week high of $39.56, trading significantly at $38.70 with a volume of 821,753 shares.
• Analysts have upgraded their ratings for NCR Atleos, with Stifel Nicolaus increasing the price target to $37.00, while Wedbush set a target of $45.00 and assigned an "outperform" rating.
• The company's latest earnings report showed an EPS of $0.93, exceeding estimates, and a year-over-year revenue increase of 2.2%.

Shares of NCR Atleos Corporation (NYSE:NATL - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $39.56 and last traded at $38.70, with a volume of 821753 shares. The stock had previously closed at $38.91.

Analyst Ratings Changes

Several research analysts have weighed in on NATL shares. Wedbush upped their price target on NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus upped their price target on NCR Atleos from $32.00 to $37.00 and gave the stock 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 shares of NCR Atleos from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $41.00.

NCR Atleos Trading Down 0.1%

The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 22.56 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 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 return on equity of 80.62% and a net margin of 3.09%.During the same quarter in the prior year, the business earned $0.39 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year.

Institutional Trading of NCR Atleos

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

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.