NCR Atleos (NYSE:NATL) Sees Strong Trading Volume - Still a Buy?

Key Points

• NCR Atleos shares traded actively, with volume rising 2% to 822,687 shares; the stock declined 0.7% to $45.83.
• Analyst sentiment remains cautious: Weiss Ratings upgraded the stock to “buy (b),” but the broader consensus is Hold from one Buy and four Hold ratings, with an average price target of $50.27.
• The company recently beat quarterly earnings expectations, reporting EPS of $1.49 versus the $1.05 consensus and revenue of $1.10 billion. Institutional investors own a substantial 88.66% of outstanding shares.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) saw strong trading volume on Wednesday. 822,687 shares were traded during trading, an increase of 2% from the previous session's volume of 809,793 shares. The stock last traded at $45.83 and had previously closed at $46.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of NCR Atleos from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.27.

NCR Atleos Stock Down 0.7%

The stock has a market capitalization of $3.38 billion, a P/E ratio of 17.72 and a beta of 0.57. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.83. The stock has a fifty day moving average price of $46.09 and a 200 day moving average price of $45.27.

NCR Atleos (NYSE:NATL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%. The business had revenue of $1.10 billion for the quarter. On average, research analysts forecast that NCR Atleos Corporation will post 4.50 earnings per share for the current year.

Institutional Investors Weigh In On NCR Atleos

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Engine Capital Management LP raised its position in shares of NCR Atleos by 7.2% in the fourth quarter. Engine Capital Management LP now owns 2,581,525 shares of the company's stock worth $98,382,000 after buying an additional 172,846 shares in the last quarter. Bank of America Corp DE boosted its stake in NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company's stock valued at $81,121,000 after buying an additional 1,237,227 shares during the period. Dimensional Fund Advisors LP boosted its stake in NCR Atleos by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company's stock valued at $71,293,000 after buying an additional 58,745 shares during the period. Squarepoint Ops LLC grew its position in NCR Atleos by 13.7% during the second quarter. Squarepoint Ops LLC now owns 547,643 shares of the company's stock worth $23,773,000 after buying an additional 65,775 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in NCR Atleos during the second quarter worth about $20,240,000. 88.66% of the stock is currently owned by institutional investors.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and payment solutions. The company provides automated teller machines (ATMs), ATM-as-a-Service offerings, managed services, software, transaction processing, cash management and related support for financial institutions, retailers and other businesses.

Atleos also operates the Allpoint network, which provides consumers with access to surcharge-free ATMs through participating financial institutions and retail locations.

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