Charles Schwab Investment Management Inc. Sells 46,263 Shares of NCR Voyix Corporation $VYX

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in NCR Voyix Corporation by 1.7%, owning approximately 1.94% of the company, valued at $26.3 million after selling 46,263 shares.
• Hedge funds collectively hold around 97% of NCR Voyix stock, with notable increases in stakes from firms like Spire Wealth Management and GAMMA Investing LLC, which boosted their holdings significantly.
• Analysts have set a target price consensus of $14.20 for NCR Voyix, with ratings varying from "buy" to "overweight" among different firms after recent performance that exceeded earnings expectations.

Charles Schwab Investment Management Inc. reduced its position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,699,825 shares of the company's stock after selling 46,263 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.94% of NCR Voyix worth $26,323,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VYX. LPL Financial LLC raised its position in NCR Voyix by 5.4% during the fourth quarter. LPL Financial LLC now owns 44,772 shares of the company's stock valued at $620,000 after purchasing an additional 2,286 shares in the last quarter. Wells Fargo & Company MN raised its position in NCR Voyix by 34.4% during the fourth quarter. Wells Fargo & Company MN now owns 87,816 shares of the company's stock valued at $1,215,000 after purchasing an additional 22,499 shares in the last quarter. Bank of Montreal Can raised its position in NCR Voyix by 8.2% during the fourth quarter. Bank of Montreal Can now owns 19,703 shares of the company's stock valued at $273,000 after purchasing an additional 1,489 shares in the last quarter. Raymond James Financial Inc. acquired a new position in NCR Voyix during the fourth quarter valued at approximately $3,619,000. Finally, Summit Investment Advisors Inc. raised its position in NCR Voyix by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company's stock valued at $211,000 after purchasing an additional 966 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Price Performance

Shares of NCR Voyix stock traded up $0.9050 during trading on Friday, hitting $13.7150. The company's stock had a trading volume of 1,944,519 shares, compared to its average volume of 1,873,669. 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 52 week low of $7.55 and a 52 week high of $15.34. The stock has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $11.21.

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

Analysts Set New Price Targets

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