NCR Atleos (NYSE:NATL) Sets New 52-Week High – Should You Buy?

Shares of NCR Atleos Corporation (NYSE:NATL) hit a new 52-week high on Wednesday. The company traded as high as $48.59 and last traded at $48.43, with a volume of 374,458 shares changing hands. The stock had previously closed at $46.64.

Wall Street Analyst Weigh In

NATL has been the subject of a number of research analyst reports. Wall Street Zen raised NCR Atleos to a “buy” rating in a report on Saturday. Weiss Ratings raised NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

NCR Atleos Stock Up 2.9%

The stock has a 50 day moving average price of $46.03 and a 200 day moving average price of $44.48. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 18.60 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 (NYSE:NATL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.35 earnings per share (EPS) for the quarter. The company had revenue of $1.10 billion during the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.

Hedge Funds Weigh In On NCR Atleos

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after acquiring an additional 1,237,227 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NCR Atleos by 3.7% in 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 last quarter. Squarepoint Ops LLC grew its stake in shares of NCR Atleos by 13.7% in the second quarter. Squarepoint Ops LLC now owns 547,643 shares of the company’s stock worth $23,773,000 after purchasing an additional 65,775 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NCR Atleos in the second quarter worth $20,240,000. Finally, Crescent Grove Advisors LLC increased its holdings in NCR Atleos by 3.4% in the first quarter. Crescent Grove Advisors LLC now owns 401,456 shares of the company’s stock valued at $17,495,000 after purchasing an additional 13,048 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.

NCR Atleos Company Profile

NCR Atleos Corporation is a financial technology company focused on self-service banking and automated teller machine (ATM) solutions. The company provides ATMs, software, managed services and related infrastructure that enable banks, retailers and independent ATM operators to deliver cash access and other routine banking services.

Its offerings include ATM-as-a-service, ATM deployment and management, cash management, transaction processing, maintenance and field support. NCR Atleos also provides software and digital tools designed to help financial institutions manage ATM networks, improve availability and connect self-service channels with broader banking operations.

NCR Atleos was separated from NCR Corporation in 2023, while the remaining company became NCR Voyix.