NCR Atleos (NYSE:NATL) Sets New 1-Year High – Here’s What Happened

NCR Atleos Corporation (NYSE:NATL) shares hit a new 52-week high on Friday . The stock traded as high as $42.46 and last traded at $42.32, with a volume of 188637 shares traded. The stock had previously closed at $41.28.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NATL shares. Weiss Ratings reissued a “hold (c)” rating on shares of NCR Atleos in a report on Thursday, January 22nd. Wall Street Zen lowered NCR Atleos from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of NCR Atleos in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NCR Atleos presently has an average rating of “Hold” and an average target price of $41.00.

NCR Atleos Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 8.43. The company’s 50 day moving average is $38.68. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 23.67 and a beta of 0.97.

Institutional Investors Weigh In On NCR Atleos

A number of hedge funds have recently added to or reduced their stakes in NATL. CIBC Private Wealth Group LLC raised its stake in shares of NCR Atleos by 66.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after buying an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in NCR Atleos by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock worth $643,000 after acquiring an additional 300 shares during the period. Arizona State Retirement System grew its holdings in NCR Atleos by 1.5% during the third quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock worth $854,000 after acquiring an additional 318 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position 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 acquiring an additional 370 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in NCR Atleos by 27.8% in the third quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

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.