Maverick Capital Ltd. Buys New Position in NCR Voyix Corporation $VYX

Key Points

• Maverick Capital Ltd. invested approximately $696,000 in NCR Voyix Corporation by acquiring 71,414 shares, representing about 0.05% ownership of the company.
• Institutional investors hold 97% of the stock, indicating a strong institutional interest in NCR Voyix, with several hedge funds recently increasing their positions.
• Analysts have varied target price ratings for VYX, with a consensus rating of "Moderate Buy" and an average target price of $14.20.

Maverick Capital Ltd. purchased a new position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,414 shares of the company's stock, valued at approximately $696,000. Maverick Capital Ltd. owned about 0.05% of NCR Voyix at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Spire Wealth Management raised its stake in shares of NCR Voyix by 20.7% during the first 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 last quarter. Invesco Ltd. boosted its position in shares of NCR Voyix by 14.0% during the 1st quarter. Invesco Ltd. now owns 1,313,909 shares of the company's stock worth $12,811,000 after purchasing an additional 161,771 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of NCR Voyix by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 32,349 shares of the company's stock worth $314,000 after purchasing an additional 4,898 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NCR Voyix by 79.5% during the 4th quarter. Bank of America Corp DE now owns 665,831 shares of the company's stock worth $9,215,000 after purchasing an additional 294,994 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of NCR Voyix by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 728,597 shares of the company's stock worth $7,104,000 after purchasing an additional 16,569 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VYX. Stephens boosted their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Stifel Nicolaus raised their price target on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and an average price target of $14.20.

NCR Voyix Price Performance

Shares of VYX stock traded up $0.67 during mid-day trading on Friday, reaching $13.29. The stock had a trading volume of 2,070,372 shares, compared to its average volume of 1,522,254. NCR Voyix Corporation has a 12-month low of $7.55 and a 12-month high of $15.34. The company has a market cap of $1.84 billion, a P/E ratio of 1.86 and a beta of 1.66. The business has a 50-day simple moving average of $13.27 and a 200 day simple moving average of $11.26. 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 released its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The company had revenue of $666.00 million during the quarter, compared to analysts' expectations of $648.13 million. During the same period in the previous year, the firm posted ($0.20) earnings per share. The business'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. On average, sell-side analysts anticipate 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.