NCR Voyix Corporation $VYX Shares Sold by Engaged Capital LLC

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 holdings in NCR Voyix Corporation (NYSE:VYX - Free Report) by 92.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,679 shares of the company's stock after selling 5,339,354 shares during the period. NCR Voyix makes up about 1.1% of Engaged Capital LLC's holdings, making the stock its 9th biggest position. Engaged Capital LLC owned about 0.31% of NCR Voyix worth $4,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mariner LLC lifted its position in shares of NCR Voyix by 6.6% in the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after purchasing an additional 872 shares during the period. Spire Wealth Management lifted its position 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 worth $77,000 after purchasing an additional 1,360 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of NCR Voyix by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,471 shares of the company's stock worth $1,363,000 after acquiring an additional 2,272 shares in the last quarter. Bfsg LLC increased its stake in shares of NCR Voyix by 12.0% in the 1st quarter. Bfsg LLC now owns 21,570 shares of the company's stock worth $210,000 after acquiring an additional 2,305 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NCR Voyix by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,775 shares of the company's stock worth $1,146,000 after acquiring an additional 2,866 shares in the last quarter. Institutional investors own 97.00% of the company's stock.

Analysts Set New Price Targets

VYX has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of 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 target 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, NCR Voyix presently has an average rating of "Moderate Buy" and an average target price of $14.20.

NCR Voyix Price Performance

VYX traded down $0.11 during trading hours on Tuesday, hitting $12.98. The company's stock had a trading volume of 472,208 shares, compared to its average volume of 1,838,975. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. NCR Voyix Corporation has a 12 month low of $7.55 and a 12 month high of $15.34. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 1.82 and a beta of 1.66. The business's 50-day moving average price is $13.29 and its 200-day moving average price is $11.26.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company's revenue for the quarter 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. Sell-side analysts expect that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

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.