NCR Atleos (NYSE:NATL) Sees Large Volume Increase – Time to Buy?

NCR Atleos Corporation (NYSE:NATL) saw strong trading volume on Wednesday. Approximately 822,687 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 809,793 shares. The stock last traded at $45.83 and had previously closed at $46.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NCR Atleos presently has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Trading Down 0.7%

The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.83 and a current ratio of 1.03. The firm has a market cap of $3.38 billion, a PE ratio of 17.72 and a beta of 0.57. The stock’s 50 day simple moving average is $46.09 and its 200 day simple moving average is $45.27.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.44. The firm had revenue of $1.10 billion for the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. On average, sell-side analysts forecast that NCR Atleos Corporation will post 4.50 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NATL. Engine Capital Management LP raised its position in NCR Atleos by 7.2% during the fourth quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after purchasing an additional 172,846 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of NCR Atleos by 198.2% in the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock worth $81,121,000 after purchasing an additional 1,237,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of NCR Atleos by 3.7% in the 1st 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 in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of NCR Atleos by 13.7% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of NCR Atleos during the 2nd quarter valued at about $20,240,000. Institutional investors own 88.66% of the company’s stock.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and payment solutions. The company provides automated teller machines (ATMs), ATM-as-a-Service offerings, managed services, software, transaction processing, cash management and related support for financial institutions, retailers and other businesses.

Atleos also operates the Allpoint network, which provides consumers with access to surcharge-free ATMs through participating financial institutions and retail locations.