Bridgeway Capital Management LLC Has $4.63 Million Position in NCR Voyix Corporation $VYX

Key Points

• Bridgeway Capital Management LLC reduced its stake in NCR Voyix Corporation by 58% during the first quarter, now holding 475,000 shares valued at approximately $4.63 million.
• Several institutional investors have increased their holdings, with Caitong International Asset Management Co. Ltd boosting its stake by 375.7% during the same period.
• NCR Voyix reported earnings of $0.19 per share for the last quarter, surpassing analyst expectations, despite experiencing a 7.8% decline in revenue compared to the previous year.

Bridgeway Capital Management LLC trimmed its position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 58.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,000 shares of the company's stock after selling 656,222 shares during the period. Bridgeway Capital Management LLC owned about 0.34% of NCR Voyix worth $4,631,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Mariner LLC increased its holdings in shares of NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after acquiring an additional 872 shares in the last quarter. Spire Wealth Management grew its holdings in shares of NCR Voyix by 20.7% during the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after buying an additional 1,360 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NCR Voyix by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,471 shares of the company's stock valued at $1,363,000 after purchasing an additional 2,272 shares during the period. Bfsg LLC increased its position in NCR Voyix by 12.0% during the first quarter. Bfsg LLC now owns 21,570 shares of the company's stock worth $210,000 after purchasing an additional 2,305 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NCR Voyix by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,775 shares of the company's stock worth $1,146,000 after purchasing an additional 2,866 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Stock Down 1.7%

Shares of VYX stock traded down $0.22 during mid-day trading on Wednesday, reaching $12.76. 295,997 shares of the company were exchanged, compared to its average volume of 1,833,887. The company has a market capitalization of $1.76 billion, a P/E ratio of 1.79 and a beta of 1.66. The business's 50 day simple moving average is $13.31 and its 200 day simple moving average is $11.28. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 1.16. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The company had revenue of $666.00 million for the quarter, compared to analysts' expectations of $648.13 million. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted ($0.20) earnings per share. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. Research analysts predict that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on VYX. Stifel Nicolaus raised their price objective on shares of NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Stephens upped their price target on shares of NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.20.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.