Engaged Capital LLC Cuts Position in NCR Voyix Corporation $VYX

Key Points

• Engaged Capital LLC significantly reduced its stake in NCR Voyix Corporation by 92.5%, now holding only 431,679 shares of the company.
• Despite this reduction, NCR Voyix is still a notable part of Engaged Capital's portfolio, representing 1.1% and being its 9th largest position.
• The company's recent earnings report showed an EPS of $0.19, exceeding expectations while revenue fell 7.8% year-over-year.

Engaged Capital LLC lowered its stake in NCR Voyix Corporation (NYSE:VYX - Free Report) by 92.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 431,679 shares of the company's stock after selling 5,339,354 shares during the quarter. NCR Voyix comprises 1.1% of Engaged Capital LLC's portfolio, making the stock its 9th largest position. Engaged Capital LLC owned about 0.31% of NCR Voyix worth $4,209,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of VYX. Caitong International Asset Management Co. Ltd grew its stake in NCR Voyix by 375.7% during 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 in the last quarter. Spire Wealth Management grew its stake in NCR Voyix by 20.7% during 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 in the last quarter. AlphaQuest LLC acquired a new stake in NCR Voyix during the 1st quarter valued at approximately $99,000. Eisler Capital Management Ltd. acquired a new stake in NCR Voyix during the 1st quarter valued at approximately $129,000. Finally, Cetera Investment Advisers acquired a new stake in NCR Voyix during the 1st quarter valued at approximately $152,000. Institutional investors and hedge funds own 97.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VYX shares. The Goldman Sachs Group raised their price objective on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Stifel Nicolaus raised their price objective on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Stephens raised their price objective on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, Needham & Company LLC lowered their price objective on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Four equities 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 company has an average rating of "Moderate Buy" and a consensus price target of $14.20.

NCR Voyix Stock Performance

Shares of VYX traded up $0.67 during mid-day trading on Friday, hitting $13.29. The stock had a trading volume of 2,070,372 shares, compared to its average volume of 1,500,716. The company has a market cap of $1.84 billion, a PE ratio of 1.86 and a beta of 1.66. The company's fifty day simple moving average is $13.27 and its two-hundred day simple moving average is $11.26. The company has a quick ratio of 0.96, a current ratio of 1.16 and a debt-to-equity ratio of 1.27. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

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

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.