Comerica Bank Buys 23,960 Shares of NCR Voyix Corporation $VYX

Key Points

• Comerica Bank increased its holdings in NCR Voyix Corporation by 23.3%, owning 126,774 shares, valued at approximately $1.236 million as of the latest SEC filing.
• Several hedge funds also adjusted their positions, with Caitong International Asset Management raising its stake by 375.7% during the same quarter.
• NCR Voyix's latest earnings report showed an EPS of $0.19, surpassing estimates, but the company's revenue decreased by 7.8% year-over-year, indicating challenges despite exceeding quarterly expectations.

Comerica Bank raised its stake in NCR Voyix Corporation (NYSE:VYX - Free Report) by 23.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 126,774 shares of the company's stock after purchasing an additional 23,960 shares during the quarter. Comerica Bank owned 0.09% of NCR Voyix worth $1,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Shapiro Capital Management LLC raised its holdings in shares of NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company's stock valued at $144,084,000 after acquiring an additional 956,177 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of NCR Voyix by 25.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,331,556 shares of the company's stock worth $71,483,000 after acquiring an additional 1,494,252 shares during the last quarter. First Pacific Advisors LP grew its stake in shares of NCR Voyix by 6.9% in the first quarter. First Pacific Advisors LP now owns 3,702,391 shares of the company's stock worth $36,098,000 after acquiring an additional 238,067 shares during the last quarter. Private Management Group Inc. boosted 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 valued at $26,666,000 after buying an additional 408,833 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of NCR Voyix by 10.0% during the fourth quarter. Northern Trust Corp now owns 1,632,204 shares of the company's stock valued at $22,590,000 after buying an additional 148,563 shares during the last quarter. Institutional investors own 97.00% of the company's stock.

NCR Voyix Trading Down 3.7%

Shares of VYX traded down $0.49 during trading hours on Wednesday, reaching $12.50. 1,564,098 shares of the company traded hands, compared to its average volume of 1,447,534. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock's fifty day moving average price is $13.30 and its 200 day moving average price is $11.28. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 1.75 and a beta of 1.66. NCR Voyix Corporation has a 12-month low of $7.55 and a 12-month high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The business had revenue of $666.00 million during the quarter, compared to analyst estimates of $648.13 million. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.NCR Voyix's revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. Sell-side analysts forecast that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on VYX shares. Stifel Nicolaus increased their target price on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stephens increased their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.20.

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.