Brokerages Set NCR Atleos Corporation (NYSE:NATL) PT at $44.00

NCR Atleos Corporation (NYSE:NATL) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $45.80.

Several equities research analysts have weighed in on the company. DA Davidson reissued a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Wolfe Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Wall Street Zen downgraded NCR Atleos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price objective for the company from $45.00 to $50.40 in a research report on Friday, February 27th.

Institutional Trading of NCR Atleos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in NCR Atleos by 1.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock worth $993,000 after purchasing an additional 370 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of NCR Atleos by 63.0% in the second quarter. Seizert Capital Partners LLC now owns 123,668 shares of the company’s stock worth $3,528,000 after buying an additional 47,781 shares during the period. Swiss National Bank lifted its stake in shares of NCR Atleos by 5.0% during the 2nd quarter. Swiss National Bank now owns 140,180 shares of the company’s stock worth $3,999,000 after acquiring an additional 6,700 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in NCR Atleos by 5.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock valued at $3,558,000 after acquiring an additional 5,946 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in NCR Atleos in the 2nd quarter valued at $3,684,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

NCR Atleos Price Performance

NATL stock opened at $48.01 on Friday. NCR Atleos has a 52 week low of $22.30 and a 52 week high of $48.40. The firm has a market capitalization of $3.53 billion, a P/E ratio of 21.24 and a beta of 0.79. The company has a fifty day simple moving average of $39.86 and a two-hundred day simple moving average of $38.68. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65.

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

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.