Maverick Capital Ltd. Purchases Shares of 71,414 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 stake in NCR Voyix Corporation (NYSE:VYX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. increased its stake in shares of NCR Voyix by 25.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,331,556 shares of the company's stock worth $71,483,000 after purchasing an additional 1,494,252 shares during the last quarter. Shapiro Capital Management LLC increased its stake in shares of NCR Voyix by 10.1% during the 4th quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company's stock worth $144,084,000 after purchasing an additional 956,177 shares during the last quarter. Boston Partners increased its stake in shares of NCR Voyix by 99.9% during the 1st quarter. Boston Partners now owns 1,464,287 shares of the company's stock worth $14,270,000 after purchasing an additional 731,807 shares during the last quarter. Nuveen LLC acquired a new position in shares of NCR Voyix during the 1st quarter worth about $5,314,000. Finally, General American Investors Co. Inc. acquired a new position in shares of NCR Voyix during the 1st quarter worth about $5,282,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VYX has been the topic of several recent analyst reports. Needham & Company LLC lowered their price objective on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Stephens lifted their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Finally, Stifel Nicolaus lifted their target price on shares of NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.20.

NCR Voyix Stock Down 0.9%

Shares of NCR Voyix stock traded down $0.11 on Thursday, reaching $12.65. 1,602,787 shares of the stock were exchanged, compared to its average volume of 1,640,900. The firm's 50 day moving average is $13.24 and its 200-day moving average is $11.26. NCR Voyix Corporation has a one year low of $7.55 and a one year high of $15.34. 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 (NYSE:VYX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (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 firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. On average, sell-side analysts forecast that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

NCR Voyix 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.