NCR Atleos (NYSE:NATL) Stock Rating Upgraded by Wall Street Zen

Key Points

• NCR Atleos has been upgraded to a "buy" rating by Wall Street Zen, improving from a prior "hold" rating.
• The company's recent earnings report revealed earnings per share (EPS) of $0.93, exceeding estimates by 9 cents and showing a 2.2% year-over-year revenue increase.
• As of Friday, NCR Atleos stock is trading at $37.11, with a market capitalization of $2.72 billion and a price-to-earnings ratio of 21.09.

Wall Street Zen upgraded shares of NCR Atleos (NYSE:NATL - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

NCR Atleos Trading Up 2.1%

Shares of NYSE:NATL traded up $0.74 during trading on Friday, hitting $36.65. The stock had a trading volume of 558,620 shares, compared to its average volume of 519,995. NCR Atleos has a 12-month low of $22.30 and a 12-month high of $38.70. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 20.82 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 announced its quarterly earnings data on Saturday, August 9th. The company reported $0.93 earnings per share (EPS) 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 period in the previous year, the business earned $0.39 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis.

Institutional Trading of NCR Atleos

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in NCR Atleos by 1.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company's stock valued at $993,000 after purchasing an additional 370 shares during the period. Seizert Capital Partners LLC increased its position in shares of NCR Atleos by 63.0% during the second quarter. Seizert Capital Partners LLC now owns 123,668 shares of the company's stock worth $3,528,000 after purchasing an additional 47,781 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of NCR Atleos by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company's stock worth $3,558,000 after purchasing an additional 5,946 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of NCR Atleos during the second quarter worth approximately $3,684,000. Finally, Prudential Financial Inc. increased its position in shares of NCR Atleos by 2.9% during the second quarter. Prudential Financial Inc. now owns 138,784 shares of the company's stock worth $3,959,000 after purchasing an additional 3,862 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

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.