NCR Atleos Corporation (NYSE:NATL) Receives Consensus Rating of “Hold” from Analysts

Shares of NCR Atleos Corporation (NYSE:NATL) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $50.2667.

A number of brokerages have commented on NATL. Weiss Ratings upgraded shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NATL. State Street Corp increased its holdings in shares of NCR Atleos by 0.9% during the 4th quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after acquiring an additional 25,510 shares during the last quarter. Engine Capital Management LP lifted its holdings in NCR Atleos by 7.2% during the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after purchasing an additional 172,846 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 valued at $81,121,000 after purchasing an additional 1,237,227 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $71,293,000 after purchasing an additional 58,745 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in NCR Atleos by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock worth $53,306,000 after purchasing an additional 157,429 shares during the period. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Trading Up 1.5%

Shares of NCR Atleos stock opened at $46.74 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of 18.12 and a beta of 0.57. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. NCR Atleos has a 12-month low of $33.31 and a 12-month high of $48.50. The business’s 50 day moving average is $45.65 and its 200-day moving average is $44.40.

NCR Atleos (NYSE:NATL) last released its earnings results on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.44. The business had revenue of $1.10 billion during the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. Equities research analysts predict that NCR Atleos will post 4.5 earnings per share for the current fiscal year.

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.