NCR Atleos (NYSE:NATL) Stock Price Down 1% - Time to Sell?

Key Points

• NCR Atleos' stock price fell 1% to $39.25 during trading, with a volume decrease of 18% compared to the average session volume.
• Various analysts have raised their price targets for NCR Atleos, with estimates ranging from $37.00 to $45.00, indicating a generally positive market sentiment.
• The company reported $0.93 EPS for the quarter, exceeding expectations by $0.09, alongside a revenue increase of 2.2% compared to the prior year.

NCR Atleos Corporation (NYSE:NATL - Get Free Report)'s stock price traded down 1% on Wednesday . The company traded as low as $39.24 and last traded at $39.25. 499,035 shares were traded during trading, a decline of 18% from the average session volume of 610,291 shares. The stock had previously closed at $39.65.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research raised shares of NCR Atleos from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of NCR Atleos from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Stifel Nicolaus increased their target price on shares of NCR Atleos from $32.00 to $37.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Wedbush increased 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, NCR Atleos currently has a consensus rating of "Buy" and a consensus target price of $41.00.

NCR Atleos Trading Down 1.6%

The firm has a market capitalization of $2.86 billion, a PE ratio of 22.05 and a beta of 0.99. 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 posted its quarterly earnings results on Saturday, August 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the business posted $0.39 EPS. NCR Atleos's revenue for the quarter was up 2.2% compared to the same quarter last year.

Hedge Funds Weigh In On NCR Atleos

A number of large investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of NCR Atleos by 1.1% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company's stock worth $993,000 after purchasing an additional 370 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of NCR Atleos by 60.1% in the 2nd 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 in the last quarter. Federated Hermes Inc. lifted its holdings in shares of NCR Atleos by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 115,565 shares of the company's stock worth $3,297,000 after purchasing an additional 397 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of NCR Atleos by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 54,012 shares of the company's stock worth $1,541,000 after purchasing an additional 768 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in NCR Atleos by 14.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock valued at $312,000 after acquiring an additional 1,415 shares in the last quarter. 88.66% of the stock is currently owned by 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.