NCR Voyix Corporation $VYX Position Lifted by Clearline Capital LP

Key Points

• Clearline Capital LP increased its stake in NCR Voyix Corporation by 110.8% during the first quarter, owning approximately 2.6 million shares, making it the firm's eighth largest holding.
• NCR Voyix reported earnings of $0.19 per share for the latest quarter, surpassing analysts' expectations of $0.14, and had a revenue of $666 million.
• Several analysts have recently upgraded their ratings on NCR Voyix, with the consensus rating now at "Moderate Buy" and an average price target of $14.20.

Clearline Capital LP grew its stake in NCR Voyix Corporation (NYSE:VYX - Free Report) by 110.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,626,778 shares of the company's stock after purchasing an additional 1,380,442 shares during the period. NCR Voyix makes up about 1.5% of Clearline Capital LP's portfolio, making the stock its 8th biggest position. Clearline Capital LP owned about 1.91% of NCR Voyix worth $25,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Stephens raised their price target on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.20.

NCR Voyix Trading Down 1.7%

VYX traded down $0.22 during trading on Friday, hitting $12.81. 951,370 shares of the stock were exchanged, compared to its average volume of 1,404,381. The firm has a 50 day simple moving average of $13.29 and a 200 day simple moving average of $11.30. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 1.80 and a beta of 1.66. NCR Voyix Corporation has a 1 year low of $7.55 and a 1 year 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.

NCR Voyix (NYSE:VYX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.19 EPS for the quarter, topping 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 company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. During the same period last year, the business posted ($0.20) EPS. NCR Voyix's quarterly revenue was down 7.8% on a year-over-year basis. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, equities analysts expect that NCR Voyix Corporation will post -0.86 EPS for the current year.

NCR Voyix 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.