NCR Atleos (NYSE:NATL) Sets New 12-Month High – Here’s What Happened

NCR Atleos Corporation (NYSE:NATL)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $42.46 and last traded at $42.32, with a volume of 188637 shares trading hands. The stock had previously closed at $41.28.

Analyst Ratings Changes

A number of research firms have recently commented on NATL. Wall Street Zen lowered shares of NCR Atleos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of NCR Atleos in a research note on Thursday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of NCR Atleos in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

NCR Atleos Price Performance

The business’s 50 day simple moving average is $38.79. The company has a debt-to-equity ratio of 8.43, a quick ratio of 0.80 and a current ratio of 1.02. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 23.70 and a beta of 0.97.

Institutional Trading of NCR Atleos

A number of hedge funds have recently bought and sold shares of the company. Simcoe Capital Management LLC bought a new position in NCR Atleos during the second quarter valued at approximately $20,282,000. Engine Capital Management LP grew its holdings in shares of NCR Atleos by 22.3% during the 2nd 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 during the last quarter. Capital International Investors purchased a new position in NCR Atleos in the 3rd quarter worth $16,466,000. Millennium Management LLC bought a new stake in NCR Atleos in the third quarter worth $14,900,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in NCR Atleos during the third quarter valued at about $14,188,000. Institutional investors own 88.66% of the company’s stock.

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.