Connor Clark & Lunn Investment Management Ltd. Makes New Investment in NCR Voyix Corporation $VYX

Key Points

• Connor Clark & Lunn Investment Management acquired 1,006,840 NCR Voyix shares worth about $8.2 million, representing a 0.73% stake. Institutional investors collectively own approximately 97% of the company.
• Analyst sentiment is mixed but leans positive: Needham and RBC raised their price targets to $14 and $13, respectively, while the overall consensus rating remains Hold with a $14 target price.
• NCR Voyix beat quarterly earnings expectations with EPS of $0.17 versus $0.15 expected and revenue of $523 million, although revenue fell 21.5% year over year. Shares opened at $8.91, up 9.6% in the reported session.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in NCR Voyix Corporation (NYSE:VYX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,006,840 shares of the company's stock, valued at approximately $8,226,000. Connor Clark & Lunn Investment Management Ltd. owned 0.73% of NCR Voyix at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Masters Capital Management LLC raised its stake in shares of NCR Voyix by 16.7% during the 1st quarter. Masters Capital Management LLC now owns 3,500,000 shares of the company's stock worth $22,155,000 after buying an additional 500,000 shares in the last quarter. First Trust Advisors LP acquired a new position in NCR Voyix during the first quarter worth $925,000. Fifth Third Bancorp grew its holdings in NCR Voyix by 9,705.3% during the first quarter. Fifth Third Bancorp now owns 148,746 shares of the company's stock worth $942,000 after acquiring an additional 147,229 shares during the period. Vanguard Group Inc. raised its position in NCR Voyix by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 18,087,393 shares of the company's stock worth $184,491,000 after acquiring an additional 383,873 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in NCR Voyix by 27.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,269,979 shares of the company's stock worth $39,689,000 after acquiring an additional 1,334,716 shares in the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on VYX shares. Needham & Company LLC upped their target price on shares of NCR Voyix from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price target on shares of NCR Voyix from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price target on NCR Voyix from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded NCR Voyix from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.00.

NCR Voyix Stock Up 9.6%

VYX opened at $8.91 on Thursday. The firm has a market cap of $1.23 billion, a P/E ratio of 22.27 and a beta of 1.39. The business's fifty day simple moving average is $8.10 and its 200 day simple moving average is $7.60. NCR Voyix Corporation has a 52 week low of $6.02 and a 52 week high of $13.77. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.19.

NCR Voyix (NYSE:VYX - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. NCR Voyix had a net margin of 2.53% and a return on equity of 11.23%. The company had revenue of $523.00 million for the quarter, compared to analyst estimates of $515.95 million. During the same period in the prior year, the firm earned $0.19 EPS. The firm's quarterly revenue was down 21.5% on a year-over-year basis. NCR Voyix has set its FY 2026 guidance at 0.890-0.920 EPS. As a group, equities research analysts anticipate that NCR Voyix Corporation will post 0.68 EPS for the current fiscal year.

NCR Voyix Profile

NCR Voyix is a technology company formed through the spin-off of NCR Corporation’s financial and digital commerce business. The company designs, manufactures and supports self-service solutions for banking and retail environments, with core offerings that include ATMs, kiosks, point-of-sale terminals and payment software. By blending hardware, cloud-based applications and managed services, NCR Voyix aims to help financial institutions and merchants modernize customer experiences and streamline transaction processing.

Building on more than a century of heritage under the NCR name, NCR Voyix leverages decades of engineering expertise and innovation in transaction automation.

Want to see what other hedge funds are holding VYX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Voyix Corporation (NYSE:VYX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source