14 Best New Tech Stocks To Buy Now

8. NCR Atleos Corp. (NYSE:NATL)

Market Capitalization as of September 13: $1.94 billion

Number of Hedge Fund Holders: 31

NCR Atleos Corp. (NYSE:NATL) is a financial technology company that provides self-directed banking solutions to a global customer base, including financial institutions, merchants, manufacturers, retailers, and consumers. It specializes in ATMs, interactive teller machines (ITMs), and other technologies that enable banks and retailers to offer convenient and efficient services. Currently, 31 hedge funds have stakes in the company.

The company has secured key wins and renewals across various regions, including partnerships with PNC in North America, Tech Bond in Latin America, Banca Avicenna in EMEA, and SBI in Asia Pacific.

In EMEA, there’s a growing preference for A La C.A.R.T.E. Solutions over full outsourcing, while North American smaller institutions favor a fully outsourced model with new hardware. The opportunity for ATM as a Service remains substantial, with revenue growing 31% and active units increasing modestly.

Deposit transactions surged 170% year-over-year, and partnerships with Capital One and Payfare are expanding access for gig workers. NCR Atleos Corp.’s (NYSE:NATL) relationship with Chime has also strengthened, with plans to host Chime brands on over 4,000 ATMs.

Atleos has an installed and service fleet of approximately 600,000 ATMs, including over 80,000 that this company owns and operates. Despite a stable global environment for cash-based transactions and ATM hardware, the growth will come from generating more revenue for each Atleos machine it supports.

Total company revenue was $1.08 billion, with software and services revenue growing 7% and 6%, respectively. Recurring revenue grew 9% to $793 million, comprising 73% of total revenues (up from 70% in the prior year).

NCR Atleos Corp. (NYSE:NATL) is well-positioned for growth, driven by strong customer engagement and partnerships across regions. As the company enhances integrated solutions and drives revenue growth, management is confident in its ability to lead the market.