NCR Atleos (NYSE:NATL) Upgraded at Wall Street Zen

Key Points

• NCR Atleos was upgraded from a "buy" to a "strong-buy" rating by analysts at Wall Street Zen, indicating increased investor confidence.
• Following the upgrade, Wedbush raised their target price for the company from $35 to $45, while Stifel Nicolaus increased it from $32 to $37, reflecting positive market sentiment.
• In their latest earnings report, NCR Atleos achieved earnings per share of $0.93, surpassing expectations and marking a year-over-year increase in revenue of 2.2%.

NCR Atleos (NYSE:NATL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.

A number of other research firms also recently issued reports on NATL. Wedbush raised their target price on NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their target price on NCR Atleos from $32.00 to $37.00 and gave the stock a "hold" rating in a research report on Friday, August 8th.

NCR Atleos Price Performance

NYSE:NATL opened at $38.75 on Friday. 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 has a 1 year low of $22.30 and a 1 year high of $38.95. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 22.02 and a beta of 1.02.

NCR Atleos (NYSE:NATL - Get Free Report) last released its 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 period in the prior year, the company earned $0.39 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis.

Hedge Funds Weigh In On NCR Atleos

Several hedge funds have recently made changes to their positions in NATL. Simcoe Capital Management LLC purchased a new position in shares of NCR Atleos in the second quarter valued at $20,282,000. Engine Capital Management LP grew its position in shares of NCR Atleos by 22.3% in the second quarter. Engine Capital Management LP now owns 2,415,779 shares of the company's stock valued at $68,922,000 after purchasing an additional 440,741 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of NCR Atleos in the second quarter valued at $3,684,000. Gabelli Funds LLC purchased a new position in shares of NCR Atleos in the second quarter valued at $3,426,000. Finally, Villanova Investment Management Co LLC grew its position in shares of NCR Atleos by 176.1% in the second quarter. Villanova Investment Management Co LLC now owns 112,466 shares of the company's stock valued at $3,209,000 after purchasing an additional 71,738 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other 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.

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