NCR Atleos (NYSE:NATL) Shares Break Below 50 Day Moving Average - Should You Sell?

Key Points

• NCR Atleos shares fell below their 50-day moving average, trading as low as $45.13 versus the $46.04 average, and were recently down about 2.5%.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from five analysts, with a $50.27 average price target, despite Weiss Ratings upgrading it to “buy (b).”
• The company reported strong quarterly earnings, with $1.49 in adjusted earnings per share versus the $1.05 consensus estimate, while institutional investors own a substantial 88.66% of outstanding shares.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $46.04 and traded as low as $45.13. NCR Atleos shares last traded at $45.30, with a volume of 1,057,786 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of NCR Atleos from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $50.27.

NCR Atleos Stock Down 2.5%

The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. The firm has a market cap of $3.35 billion, a P/E ratio of 17.56 and a beta of 0.56. The stock's 50-day simple moving average is $46.04 and its 200 day simple moving average is $44.36.

NCR Atleos (NYSE:NATL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.44. The firm had revenue of $1.10 billion during the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.

Institutional Investors Weigh In On NCR Atleos

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of NCR Atleos by 198.2% during the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company's stock worth $81,121,000 after buying an additional 1,237,227 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 58,745 shares during the period. Squarepoint Ops LLC increased its position in NCR Atleos by 13.7% in the 2nd quarter. Squarepoint Ops LLC now owns 547,643 shares of the company's stock valued at $23,773,000 after buying an additional 65,775 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in NCR Atleos in the 2nd quarter valued at about $20,240,000. Finally, Crescent Grove Advisors LLC increased its position in NCR Atleos by 3.4% in the 1st quarter. Crescent Grove Advisors LLC now owns 401,456 shares of the company's stock valued at $17,495,000 after buying an additional 13,048 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Company Profile

NCR Atleos Corporation is a financial technology company focused on self-service banking and automated teller machine (ATM) solutions. The company provides ATMs, software, managed services and related infrastructure that enable banks, retailers and independent ATM operators to deliver cash access and other routine banking services.

Its offerings include ATM-as-a-service, ATM deployment and management, cash management, transaction processing, maintenance and field support. NCR Atleos also provides software and digital tools designed to help financial institutions manage ATM networks, improve availability and connect self-service channels with broader banking operations.

NCR Atleos was separated from NCR Corporation in 2023, while the remaining company became NCR Voyix.

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