NCR Atleos (NYSE:NATL) Sees Strong Trading Volume – Here’s What Happened

NCR Atleos Corporation (NYSE:NATL) shares saw unusually-strong trading volume on Monday . Approximately 760,898 shares traded hands during 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.

Wall Street Analyst Weigh In

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

NCR Atleos Price Performance

The company has a 50 day simple moving average of $41.69 and a 200-day simple moving average of $39.29. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 18.95 and a beta of 0.78. 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 issued its earnings results on Thursday, February 26th. The company reported $1.49 EPS for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the previous year, the business posted $1.11 EPS. NCR Atleos’s revenue was up 4.0% compared to the same quarter last year.

Hedge Funds Weigh In On NCR Atleos

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of NCR Atleos by 0.9% during the fourth quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after purchasing an additional 25,510 shares during the period. Engine Capital Management LP boosted its holdings in shares of NCR Atleos by 7.2% in the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after buying an additional 172,846 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NCR Atleos by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,577,338 shares of the company’s stock valued at $60,117,000 after buying an additional 50,798 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of NCR Atleos by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock valued at $53,306,000 after buying an additional 157,429 shares during the last quarter. Finally, Fourth Sail Capital LP bought a new stake in shares of NCR Atleos during the 4th quarter valued at about $33,597,000. Institutional investors and hedge funds 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.