NCR Atleos (NYSE:NATL) Hits New 52-Week High – Here’s Why

Shares of NCR Atleos Corporation (NYSE:NATL) hit a new 52-week high during trading on Friday. The stock traded as high as $48.60 and last traded at $48.35, with a volume of 4,066 shares traded. The stock had previously closed at $48.20.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NATL shares. 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. Wall Street Zen raised shares of NCR Atleos to a “buy” rating in a research note on Saturday, October 31st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.27.

NCR Atleos Stock Performance

The company’s 50 day moving average price is $46.30 and its 200-day moving average price is $44.87. The stock has a market cap of $3.56 billion, a P/E ratio of 13.72 and a beta of 0.57. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.71 and a current ratio of 0.90.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, November 4th. The company reported $1.35 EPS for the quarter. NCR Atleos had a net margin of 6.07% and a return on equity of 76.97%. The firm had revenue of $1.10 billion for the quarter.

Institutional Trading of NCR Atleos

A number of large investors have recently bought and sold shares of the company. Maven Securities LTD purchased a new stake in NCR Atleos in the second quarter valued at approximately $7,002,000. Bank of New York Mellon Corp bought a new stake in NCR Atleos in the 2nd quarter worth approximately $20,240,000. Bank of America Corp DE boosted its stake in NCR Atleos by 198.2% in the first 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. 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 valued at $23,773,000 after acquiring an additional 65,775 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of NCR Atleos in the 1st quarter valued at $6,026,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

About NCR Atleos

NCR Atleos Corporation provides automated teller machine (ATM) solutions and services to financial institutions, retailers and other businesses. Its offerings include ATM hardware and software, ATM deployment and management, transaction processing, and services that support cash replenishment and equipment maintenance. The company also provides managed ATM services, including solutions that allow customers to outsource parts or all of their ATM operations. Its services are designed to help clients maintain and operate ATM networks and provide consumers with access to cash and other self-service banking functions.