Nuveen LLC Invests $5.31 Million in 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 acquired a new position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 545,009 shares of the company's stock, valued at approximately $5,314,000. Nuveen LLC owned approximately 0.39% of NCR Voyix at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VYX. Spire Wealth Management increased its stake in NCR Voyix by 20.7% during the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after buying an additional 1,360 shares in the last quarter. Cetera Investment Advisers purchased a new stake in NCR Voyix during the 1st quarter worth approximately $152,000. Mariner LLC increased its stake in NCR Voyix by 6.6% during 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. Teacher Retirement System of Texas purchased a new stake in shares of NCR Voyix in the first quarter valued at approximately $198,000. Finally, Focus Partners Wealth purchased a new stake in shares of NCR Voyix in the fourth quarter valued at approximately $202,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VYX. Stifel Nicolaus upped their price target on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Stephens upped their price target on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. The Goldman Sachs Group upped their price target on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC dropped their price target on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and a consensus target price of $14.20.

NCR Voyix Trading Down 2.5%

VYX traded down $0.34 during trading hours on Friday, reaching $13.19. The company's stock had a trading volume of 1,244,972 shares, compared to its average volume of 1,854,986. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. The stock has a market cap of $1.82 billion, a PE ratio of 1.85 and a beta of 1.66. The business's 50-day moving average is $13.15 and its 200-day moving average is $11.23. 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 (NYSE:VYX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.19 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 firm had revenue of $666.00 million for the quarter, compared to analysts' expectations of $648.13 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The firm'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. As a group, equities research analysts predict that NCR Voyix Corporation will post -0.86 earnings per share 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.