Invesco Ltd. Raises Stake in NCR Voyix Corporation $VYX

Key Points

• Invesco Ltd. increased its stake in NCR Voyix Corporation by 14% during the first quarter, acquiring an additional 161,771 shares and holding approximately 1.31 million shares worth $12.81 million.
• SG Americas Securities LLC made the most significant increase, raising its position by 927.4% during the same period, indicating a strong institutional interest in NCR Voyix.
• NCR Voyix reported quarterly earnings with an EPS of $0.19, which exceeded analysts' estimates of $0.14, though it noted a 7.8% decline in revenue year-over-year.

Invesco Ltd. raised its holdings in NCR Voyix Corporation (NYSE:VYX - Free Report) by 14.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,313,909 shares of the company's stock after buying an additional 161,771 shares during the quarter. Invesco Ltd. owned about 0.94% of NCR Voyix worth $12,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blair William & Co. IL raised its stake in NCR Voyix by 29.5% in the first quarter. Blair William & Co. IL now owns 81,215 shares of the company's stock valued at $792,000 after buying an additional 18,500 shares during the last quarter. XTX Topco Ltd raised its stake in NCR Voyix by 96.2% in the first quarter. XTX Topco Ltd now owns 74,554 shares of the company's stock valued at $727,000 after buying an additional 36,547 shares during the last quarter. Private Management Group Inc. raised its stake in NCR Voyix by 17.6% in the first quarter. Private Management Group Inc. now owns 2,734,960 shares of the company's stock valued at $26,666,000 after buying an additional 408,833 shares during the last quarter. Cetera Investment Advisers purchased a new stake in NCR Voyix during the 1st quarter valued at about $152,000. Finally, First Pacific Advisors LP grew its stake in NCR Voyix by 6.9% during the 1st quarter. First Pacific Advisors LP now owns 3,702,391 shares of the company's stock valued at $36,098,000 after purchasing an additional 238,067 shares during the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

NCR Voyix Price Performance

Shares of VYX stock traded down $0.34 on Friday, reaching $13.19. 1,244,972 shares of the company were exchanged, compared to its average volume of 1,875,121. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 1.85 and a beta of 1.67. The business has a 50-day moving average price of $13.15 and a 200 day moving average price of $11.24. 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 Corporation has a 1 year low of $7.55 and a 1 year high of $15.34.

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

Analyst Ratings Changes

A number of research firms have weighed in on VYX. Needham & Company LLC reduced 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. Stephens lifted 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. Stifel Nicolaus lifted 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. Finally, The Goldman Sachs Group lifted 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.