Andrew R. DuVall, the Chief Accounting Officer of NCR (NYSE:VYX) Atleos Corp (NYSE:NATL), recently sold 300 shares of the company's common stock. The shares were sold on November 21 at a price of $30.80 each, amounting to a total transaction value of $9,240.
Following this sale, DuVall holds 16,626 shares, which includes 285 shares acquired through the company's Employee Stock Purchase Plan on October 1, 2024. This transaction was filed with the Securities and Exchange Commission on November 25, 2024.
In other recent news, NCR Atleos Corp has secured $400 million in additional financing, enhancing its financial flexibility. The Maryland-based company reported Q2 earnings that exceeded expectations with an adjusted earnings per share of $0.81, but revenue fell slightly short of the anticipated $1.1 billion. The company also revised its full-year 2024 guidance to an EPS of $2.90-$3.20 on revenue of $4.26-4.34 billion.
DA Davidson maintained its Buy rating on NCR Atleos, while Stifel set a $31 price target with a Hold rating. Goldman Sachs (NYSE:GS) also held a neutral stance on the company.
In a significant development, NCR Atleos introduced a feature allowing LibertyX customers to sell bitcoin and withdraw cash from ATMs across the United States. This move is part of the Atleos ReadyCode API suite, aimed at simplifying transactions from digital to physical currency. Furthermore, NCR Atleos is advancing its ATM as a Service (ATMaaS) strategy, with a successful transition of 1,300 units in Q2.
These are recent developments for NCR Atleos as it continues to navigate its strategic transition and financial performance.
InvestingPro Insights
NCR Atleos Corp (NYSE:NATL) has been experiencing some notable market movements recently, which provide context to the insider sale by Chief Accounting Officer Andrew R. DuVall. According to InvestingPro data, the company has seen a significant return of 19.67% over the last month, with the stock price currently at $31.51, which is 90.82% of its 52-week high.
Despite the recent positive stock performance, InvestingPro Tips highlight that NCR Atleos Corp is not currently profitable over the last twelve months, with a negative P/E ratio of -50.7. However, analysts predict the company will be profitable this year, which could explain the recent stock price strength.
The company's financial health presents a mixed picture. While NCR Atleos Corp has a substantial revenue of $4.31 billion over the last twelve months, it suffers from weak gross profit margins, currently at 23.01%. This may be a factor for investors to consider when evaluating the company's future profitability potential.
It's worth noting that InvestingPro offers additional insights, with 8 more tips available for NCR Atleos Corp. These tips could provide valuable information for investors looking to deepen their understanding of the company's financial position and market outlook.
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