Nuveen LLC Buys Shares of 545,009 NCR Voyix Corporation $VYX

Key Points

• Nuveen LLC acquired 545,009 shares of NCR Voyix Corporation, representing a new investment valued at approximately $5.3 million, which constitutes 0.39% of the company's stock.
• Research analysts have mixed ratings on NCR Voyix, with a consensus rating of "Moderate Buy" and a target price averaging around $14.20 after several changes in analysts’ price targets.
• Despite reporting earnings that exceeded expectations, NCR Voyix's revenue declined by 7.8% year-over-year, indicating potential challenges ahead for the company.

Nuveen LLC bought a new position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 545,009 shares of the company's stock, valued at approximately $5,314,000. Nuveen LLC owned 0.39% of NCR Voyix at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mariner LLC increased its holdings in NCR Voyix by 6.6% in the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after buying an additional 872 shares during the period. Spire Wealth Management increased its holdings in 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 buying an additional 1,360 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in 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. Bfsg LLC increased its holdings in NCR Voyix by 12.0% in the 1st quarter. Bfsg LLC now owns 21,570 shares of the company's stock valued at $210,000 after buying an additional 2,305 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NCR Voyix by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,775 shares of the company's stock valued at $1,146,000 after buying an additional 2,866 shares during the period. Institutional investors own 97.00% of the company's stock.

NCR Voyix Stock Down 0.0%

NYSE VYX traded down $0.01 on Thursday, hitting $13.55. 1,280,428 shares of the company were exchanged, compared to its average volume of 1,886,543. The firm has a 50 day moving average of $13.11 and a two-hundred day moving average of $11.24. 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 Corporation has a 1-year low of $7.55 and a 1-year high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. On average, research analysts expect that NCR Voyix Corporation will post -0.86 EPS for the current year.

Analyst Upgrades and Downgrades

VYX has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Stifel Nicolaus boosted their price target on shares of NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Needham & Company LLC reduced their target price on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stephens upped their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.