Zacks Research Downgrades NCR Atleos (NYSE:NATL) to Hold

NCR Atleos (NYSE:NATL) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

NATL has been the subject of a number of other research reports. DA Davidson reiterated a “neutral” rating and set a $50.00 target price on shares of NCR Atleos in a research report on Monday, May 11th. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their target price for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a report on Wednesday, March 4th. Finally, Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, NCR Atleos has a consensus rating of “Hold” and a consensus price target of $50.27.

NCR Atleos Trading Up 0.4%

Shares of NCR Atleos stock opened at $45.28 on Wednesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 19.52 and a beta of 0.61. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. The company has a 50-day simple moving average of $44.30 and a 200 day simple moving average of $41.13. NCR Atleos has a 12-month low of $23.56 and a 12-month high of $48.50.

NCR Atleos (NYSE:NATL) last announced its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). The firm had revenue of $1.04 billion for the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. Research analysts expect that NCR Atleos will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NCR Atleos

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew 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 worth $81,121,000 after acquiring an additional 1,237,227 shares during the last quarter. Janus Henderson Group PLC grew its holdings in NCR Atleos by 152.4% during the 1st quarter. Janus Henderson Group PLC now owns 81,485 shares of the company’s stock worth $3,551,000 after acquiring an additional 49,200 shares during the last quarter. Amundi grew its holdings in NCR Atleos by 56.7% during the 1st quarter. Amundi now owns 19,683 shares of the company’s stock worth $858,000 after acquiring an additional 7,124 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of NCR Atleos by 19.7% in the 1st quarter. California State Teachers Retirement System now owns 82,966 shares of the company’s stock valued at $3,616,000 after purchasing an additional 13,630 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of NCR Atleos by 30.7% in the 1st quarter. Quantinno Capital Management LP now owns 21,724 shares of the company’s stock valued at $947,000 after purchasing an additional 5,103 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

NCR Atleos Company Profile

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.