Atleos to provide thousands of new ATMs to FCTI

ATLANTA - NCR Atleos Corporation (NYSE:NATL) announced Wednesday an expanded partnership with FCTI, Inc., to supply thousands of new ATMs and terminal driving services across FCTI’s United States operations. The company, currently trading at $31.86, has shown impressive momentum with an 18% gain over the past week. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates.

FCTI, a subsidiary of Seven Bank, LTD. (TYO:8410), is one of the largest ATM owner-operators in the U.S. and serves as the exclusive ATM operator for 7-Eleven and Speedway locations nationwide. The agreement builds upon a previously announced partnership that enabled FCTI as an ATM acquirer for Atleos’ Allpoint Network. With annual revenue of $4.2 billion and an EBITDA of $850 million, Atleos demonstrates significant operational scale in the financial technology sector.

According to the press release, Atleos was selected based on its capabilities and experience as an owner-operator. The scale of this new ATM deployment will make FCTI one of the largest single service endpoints managed in the U.S. market.

"We continuously pursue products, services, and relationships that fulfill on our goals of growing transactions and providing excellent service," said Masanori Sakaguchi, CEO of FCTI.

Stuart Mackinnon, EVP and COO for Atleos, stated, "Scaled providers of financial access are rewarding us for a disciplined focus on service excellence."

Atleos, which ranks #12 in Newsweek’s 2025 Top 100 Global Most Loved Workplaces list, specializes in ATM expertise and independently-owned ATM networks. The company employs approximately 20,000 people globally and is headquartered in Atlanta. InvestingPro data reveals the company maintains a solid financial health score of "GOOD" and analysts expect positive net income growth this year. For deeper insights into Atleos’s financial metrics and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

The financial terms of the agreement were not disclosed in the press release.

In other recent news, NCR Atleos Corporation reported strong growth in its Q1 2025 financial results, with earnings per share (EPS) rising by 56% year-over-year to $0.64. The company’s revenue for the quarter was $966 million, though it was slightly below the previous year’s constant currency basis. Despite the revenue miss, the earnings increase reflects a robust performance. Additionally, NCR Atleos was selected by Lloyds Banking Group to implement ATM as a Service technology in branches in Manchester and Glasgow, aiming to modernize operations. In another development, InComm Payments adopted NCR Atleos’ ReadyCode API to facilitate cardless ATM withdrawals across more than 23,000 ATMs nationwide. Analyst activity around NCR Atleos has been positive, with Wedbush initiating coverage with an outperform rating, citing strong cash flow generation. DA Davidson reiterated its Buy rating on the company, maintaining a price target of $60 per share. These recent developments highlight NCR Atleos’ continued focus on innovation and operational growth.

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