Wellington Management Group LLP Acquires 133,496 Shares of 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 NCR Voyix Corporation (NYSE:VYX - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,349,857 shares of the company's stock after purchasing an additional 133,496 shares during the period. Wellington Management Group LLP owned 0.97% of NCR Voyix worth $13,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VYX. Mariner LLC boosted its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NCR Voyix by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company's stock valued at $40,008,000 after buying an additional 57,983 shares during the period. MetLife Investment Management LLC grew its holdings in shares of NCR Voyix by 3.6% in the 4th quarter. MetLife Investment Management LLC now owns 87,040 shares of the company's stock valued at $1,205,000 after buying an additional 3,027 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of NCR Voyix by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,471 shares of the company's stock valued at $1,363,000 after buying an additional 2,272 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of NCR Voyix by 10.3% in the 4th quarter. Voya Investment Management LLC now owns 51,895 shares of the company's stock valued at $718,000 after buying an additional 4,848 shares during the period. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Stock Down 3.7%

NYSE:VYX traded down $0.49 on Tuesday, hitting $12.70. 1,232,145 shares of the company's stock were exchanged, compared to its average volume of 1,742,017. The firm has a 50-day moving average price of $13.20 and a 200-day moving average price of $11.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.96. NCR Voyix Corporation has a 52 week low of $7.55 and a 52 week high of $15.34. The company has a market cap of $1.75 billion, a P/E ratio of 1.78 and a beta of 1.66.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.19 EPS 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 firm had revenue of $666.00 million for the quarter, compared to analysts' expectations of $648.13 million. During the same period in the previous year, the firm posted ($0.20) EPS. The company's revenue for the quarter was down 7.8% on a year-over-year basis. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, analysts expect that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VYX has been the subject of several research analyst reports. Needham & Company LLC decreased their price target on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a report on Friday, May 9th. Stephens boosted their price target 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. Stifel Nicolaus upped their target price on shares of NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group upped their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.