Harbor Capital Advisors Inc. Increases Position in NCR Voyix Corporation $VYX

Key Points

• Harbor Capital Advisors Inc. increased its stake in NCR Voyix Corporation by 9.7%, owning 933,939 shares valued at approximately $10.96 million after acquiring an additional 82,447 shares in Q2.
• Several other institutional investors also boosted their holdings, with Clearline Capital LP increasing its position by a remarkable 110.8% in the first quarter.
• Analysts have set new price targets for NCR Voyix, with Stephens and Stifel Nicolaus both raising their targets to $15.00 and recommending a buy rating, contributing to an average target price of $14.20.

Harbor Capital Advisors Inc. raised its holdings in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 933,939 shares of the company's stock after acquiring an additional 82,447 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.68% of NCR Voyix worth $10,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VYX. Voya Investment Management LLC increased its holdings in shares of NCR Voyix by 28.1% during the 1st quarter. Voya Investment Management LLC now owns 66,488 shares of the company's stock valued at $648,000 after purchasing an additional 14,593 shares in the last quarter. Focus Partners Wealth increased its stake in shares of NCR Voyix by 33.7% in the 1st quarter. Focus Partners Wealth now owns 19,245 shares of the company's stock valued at $188,000 after purchasing an additional 4,852 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NCR Voyix by 13.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 408,773 shares of the company's stock worth $3,986,000 after purchasing an additional 49,642 shares during the period. Clearline Capital LP raised its holdings in NCR Voyix by 110.8% in the 1st quarter. Clearline Capital LP now owns 2,626,778 shares of the company's stock worth $25,611,000 after purchasing an additional 1,380,442 shares during the period. Finally, Aristeia Capital L.L.C. purchased a new position in NCR Voyix during the first quarter worth approximately $317,000. Institutional investors and hedge funds own 97.00% of the company's stock.

NCR Voyix Price Performance

VYX stock traded down $0.02 during mid-day trading on Friday, reaching $13.13. The company's stock had a trading volume of 2,982,852 shares, compared to its average volume of 1,273,276. The stock has a market cap of $1.81 billion, a PE ratio of 1.84 and a beta of 1.66. The company's 50 day moving average is $13.25 and its two-hundred day moving average is $11.36. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. 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 (NYSE:VYX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping 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 company had revenue of $666.00 million during the quarter, compared to analyst estimates of $648.13 million. During the same quarter last year, the firm posted ($0.20) earnings per share. NCR Voyix'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. Equities research analysts expect that NCR Voyix Corporation will post -0.86 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their target price 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 increased their price objective 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, NCR Voyix has a consensus rating of "Moderate Buy" and an average price target of $14.20.

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.