Bridgeway Capital Management LLC Has $4.63 Million Stock 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 cut its stake in NCR Voyix Corporation (NYSE:VYX - Free Report) by 58.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,000 shares of the company's stock after selling 656,222 shares during the period. Bridgeway Capital Management LLC owned 0.34% of NCR Voyix worth $4,631,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VYX. Caitong International Asset Management Co. Ltd boosted its holdings in NCR Voyix by 375.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock valued at $65,000 after acquiring an additional 5,252 shares during the last quarter. Spire Wealth Management boosted its holdings in NCR Voyix by 20.7% in the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock valued at $77,000 after acquiring an additional 1,360 shares during the last quarter. AlphaQuest LLC bought a new stake in NCR Voyix in the first quarter valued at approximately $99,000. Eisler Capital Management Ltd. bought a new stake in NCR Voyix in the first quarter valued at approximately $129,000. Finally, Cetera Investment Advisers bought a new stake in NCR Voyix in the first quarter valued at approximately $152,000. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Price Performance

Shares of VYX opened at $12.65 on Friday. NCR Voyix Corporation has a 52-week low of $7.55 and a 52-week high of $15.34. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 1.16. The business's 50 day moving average price is $13.24 and its two-hundred day moving average price is $11.26. The firm has a market cap of $1.75 billion, a PE ratio of 1.77 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on VYX shares. Needham & Company LLC reduced their target price on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group upped their target price on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Stifel Nicolaus upped their target price on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Stephens boosted their price target on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.20.

NCR Voyix Company Profile

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.

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