Wellington Management Group LLP Increases Holdings in NCR Voyix Corporation $VYX

Key Points

• Wellington Management Group LLP increased its stake in NCR Voyix Corporation by 11.0%, acquiring a total of 1,349,857 shares valued at approximately $13.16 million.
• Furthermore, NCR Voyix reported quarterly earnings of $0.19 per share, surpassing analysts' estimates and achieving a revenue of $666 million, though its revenue was down 7.8% compared to the previous year.
• Analysts have mixed views on NCR Voyix, with target price adjustments ranging from $8.50 to $15.00, and have rated the stock a "Moderate Buy" overall.

Wellington Management Group LLP lifted its stake in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,349,857 shares of the company's stock after acquiring an additional 133,496 shares during the quarter. Wellington Management Group LLP owned approximately 0.97% of NCR Voyix worth $13,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mariner LLC lifted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NCR Voyix by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company's stock worth $40,008,000 after acquiring an additional 57,983 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of NCR Voyix by 3.6% during the 4th quarter. MetLife Investment Management LLC now owns 87,040 shares of the company's stock worth $1,205,000 after acquiring an additional 3,027 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of NCR Voyix by 2.4% during 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. Finally, Voya Investment Management LLC raised its holdings in shares of NCR Voyix by 10.3% during the 4th quarter. Voya Investment Management LLC now owns 51,895 shares of the company's stock worth $718,000 after acquiring an additional 4,848 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

NCR Voyix Stock Down 2.5%

NYSE VYX traded down $0.34 during trading on Monday, hitting $13.19. The company's stock had a trading volume of 1,244,972 shares, compared to its average volume of 1,854,986. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.96. The company has a market cap of $1.82 billion, a PE ratio of 1.85 and a beta of 1.66. The business's 50 day simple moving average is $13.15 and its 200-day simple moving average is $11.23. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $666.00 million during the quarter, compared to analysts' expectations of $648.13 million. During the same period last year, the business 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. On average, equities analysts anticipate that NCR Voyix Corporation will post -0.86 EPS for the current fiscal 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.