Northern Trust Corp Sells 64,386 Shares of NCR Voyix Corporation $VYX

Key Points

• Northern Trust Corp reduced its holdings in NCR Voyix Corporation by 3.9%, owning 1,567,818 shares worth $15.3 million after selling 64,386 shares.
• Several brokerage firms, including Goldman Sachs and Stephens, have adjusted their target prices for NCR Voyix, with Stephens raising their target from $12.00 to $15.00.
• NCR Voyix reported a quarterly earnings per share (EPS) of $0.19, exceeding analysts' estimates, but its quarterly revenue decreased by 7.8% year-over-year.

Northern Trust Corp lowered its stake in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,567,818 shares of the company's stock after selling 64,386 shares during the period. Northern Trust Corp owned approximately 1.13% of NCR Voyix worth $15,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VYX. Shapiro Capital Management LLC boosted its holdings in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company's stock worth $144,084,000 after buying an additional 956,177 shares during the last quarter. Boston Partners raised its position in shares of NCR Voyix by 99.9% during the first 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 period. Nuveen LLC acquired a new stake in shares of NCR Voyix during the first quarter worth about $5,314,000. General American Investors Co. Inc. acquired a new stake in shares of NCR Voyix during the first quarter worth about $5,282,000. Finally, Private Management Group Inc. raised its position in shares of NCR Voyix by 17.6% during the first quarter. Private Management Group Inc. now owns 2,734,960 shares of the company's stock worth $26,666,000 after purchasing an additional 408,833 shares during the period. Institutional investors own 97.00% of the company's stock.

Analysts Set New Price Targets

VYX has been the topic of a number of research analyst reports. Stephens raised their price target on 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 stock a "buy" rating in a research report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.20.

NCR Voyix Stock Down 1.3%

NCR Voyix stock traded down $0.18 during midday trading on Tuesday, reaching $12.92. The stock had a trading volume of 239,698 shares, compared to its average volume of 1,837,550. The firm's fifty day simple moving average is $13.29 and its 200-day simple moving average is $11.26. NCR Voyix Corporation has a 1-year low of $7.55 and a 1-year high of $15.34. The stock has a market capitalization of $1.79 billion, a P/E ratio of 1.81 and a beta of 1.66. 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 announced its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $666.00 million for the quarter, compared to analyst estimates of $648.13 million. During the same quarter last year, the firm earned ($0.20) EPS. NCR Voyix'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. As a group, analysts expect 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.