NCR Voyix Corporation $VYX Stock Position Raised by Comerica Bank

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 lifted its position in NCR Voyix Corporation (NYSE:VYX - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,774 shares of the company's stock after acquiring an additional 23,960 shares during the quarter. Comerica Bank owned approximately 0.09% of NCR Voyix worth $1,236,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of NCR Voyix by 375.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock valued at $65,000 after acquiring an additional 5,252 shares in the last quarter. Spire Wealth Management lifted its position in shares of NCR Voyix by 20.7% in the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock valued at $77,000 after acquiring an additional 1,360 shares in the last quarter. AlphaQuest LLC purchased a new stake in NCR Voyix in the 1st quarter worth approximately $99,000. Cetera Investment Advisers purchased a new stake in NCR Voyix in the 1st quarter worth approximately $152,000. Finally, Mariner LLC lifted its position 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 buying an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

Wall Street Analyst Weigh In

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

NCR Voyix Stock Performance

Shares of VYX opened at $12.65 on Friday. The company's fifty day moving average is $13.24 and its 200-day moving average is $11.26. NCR Voyix Corporation has a 12 month low of $7.55 and a 12 month high of $15.34. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 1.77 and a beta of 1.66. The company has a quick ratio of 0.96, a current ratio of 1.16 and a debt-to-equity ratio of 1.27.

NCR Voyix (NYSE:VYX - Get Free Report) last announced 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 company had revenue of $666.00 million for the quarter, compared to analyst estimates of $648.13 million. During the same quarter in the prior year, the business posted ($0.20) EPS. NCR Voyix's quarterly revenue was down 7.8% on a year-over-year basis. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. Equities analysts expect that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

About NCR Voyix

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.

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