NCR Atleos (NYSE:NATL) Sees Large Volume Increase – Should You Buy?

Shares of NCR Atleos Corporation (NYSE:NATL) saw unusually-high trading volume on Monday . Approximately 1,093,502 shares were traded during trading, an increase of 77% from the previous session’s volume of 617,269 shares.The stock last traded at $47.15 and had previously closed at $44.28.

Wall Street Analysts Forecast Growth

NATL has been the topic of a number of research analyst reports. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. DA Davidson reissued a “neutral” rating and issued a $50.00 price objective (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 target price for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of NCR Atleos in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered NCR Atleos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.80.

NCR Atleos Stock Performance

The firm has a market cap of $3.46 billion, a P/E ratio of 20.84 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65. The company’s 50-day moving average is $39.86 and its two-hundred day moving average is $38.68.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NATL. Fourth Sail Capital LP purchased a new stake in shares of NCR Atleos during the 4th quarter valued at $33,597,000. Simcoe Capital Management LLC purchased a new position in shares of NCR Atleos in the 2nd quarter worth about $20,282,000. Engine Capital Management LP grew its position in NCR Atleos by 22.3% during the second quarter. Engine Capital Management LP now owns 2,415,779 shares of the company’s stock valued at $68,922,000 after buying an additional 440,741 shares during the period. Capital International Investors purchased a new stake in NCR Atleos during the third quarter worth about $16,466,000. Finally, Millennium Management LLC purchased a new stake in NCR Atleos during the third quarter worth about $14,900,000. Hedge funds and other institutional investors 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.