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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its stake in shares of 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 in the last quarter. Cetera Investment Advisers bought a new stake in NCR Voyix in the 1st quarter valued at about $152,000. Mariner LLC grew its position in shares of NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after purchasing an additional 872 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of NCR Voyix during the 1st quarter worth approximately $198,000. Finally, Focus Partners Wealth bought a new position in shares of NCR Voyix during the fourth quarter worth approximately $202,000. Institutional investors and hedge funds own 97.00% of the company's stock.

NCR Voyix Trading Down 0.3%

Shares of VYX traded down $0.04 during mid-day trading on Tuesday, reaching $13.52. 1,912,095 shares of the company were exchanged, compared to its average volume of 1,884,126. The stock has a market capitalization of $1.87 billion, a PE ratio of 1.90 and a beta of 1.67. 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 has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $11.22.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $648.13 million. During the same period last year, the business posted ($0.20) EPS. The business'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, analysts predict that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VYX shares. Stifel Nicolaus boosted their price target on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. The Goldman Sachs Group raised their price target on NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC reduced their price objective on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stephens raised their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Four 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 an average rating of "Moderate Buy" and a consensus 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.