NCR Atleos (NYSE:NATL) Sees Strong Trading Volume – Still a Buy?

Shares of NCR Atleos Corporation (NYSE:NATL) saw unusually-high trading volume on Monday . Approximately 760,898 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 878,462 shares.The stock last traded at $43.10 and had previously closed at $42.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. DA Davidson reiterated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Wedbush lowered NCR Atleos from an “outperform” rating to a “hold” rating and upped their price objective for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.27.

NCR Atleos Stock Performance

The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. The company’s fifty day simple moving average is $41.87 and its two-hundred day simple moving average is $39.35. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 19.32 and a beta of 0.79.

NCR Atleos (NYSE:NATL) last posted its earnings results on Thursday, February 26th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.27. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.The company had revenue of $1.15 billion for the quarter. During the same quarter in the prior year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Institutional Trading of NCR Atleos

Several large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its stake in NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after acquiring an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of NCR Atleos by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock worth $643,000 after purchasing an additional 300 shares during the last quarter. Arizona State Retirement System lifted its position in NCR Atleos by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock valued at $854,000 after acquiring an additional 318 shares in the last quarter. Blue Trust Inc. raised its stake in NCR Atleos by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after buying an additional 374 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in NCR Atleos by 60.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock worth $29,000 after purchasing an additional 384 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

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.