Russell Investments Group Ltd. Sells 51,768 Shares of NCR Voyix Corporation $VYX

Key Points

• Russell Investments Group Ltd. reduced its stake in NCR Voyix Corporation by 10.3%, now holding 450,264 shares valued at approximately $4.39 million.
• Several hedge funds have increased their positions in NCR Voyix, with Mariner LLC raising its stake by 6.6% and Spire Wealth Management by 20.7%.
• NCR Voyix's stock experienced a 7.1% increase and has set FY 2025 guidance at $0.750-0.800 EPS, while analysts have a consensus target price of $14.20.

Russell Investments Group Ltd. cut its holdings in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,264 shares of the company's stock after selling 51,768 shares during the period. Russell Investments Group Ltd. owned approximately 0.32% of NCR Voyix worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VYX. Wells Fargo & Company MN lifted its holdings in NCR Voyix by 34.4% during the fourth quarter. Wells Fargo & Company MN now owns 87,816 shares of the company's stock worth $1,215,000 after acquiring an additional 22,499 shares in the last quarter. Bank of Montreal Can lifted its holdings in NCR Voyix by 8.2% during the fourth quarter. Bank of Montreal Can now owns 19,703 shares of the company's stock worth $273,000 after acquiring an additional 1,489 shares in the last quarter. Raymond James Financial Inc. bought a new position in NCR Voyix during the fourth quarter worth about $3,619,000. Mariner LLC lifted its holdings in NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after acquiring an additional 872 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in NCR Voyix by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company's stock worth $40,008,000 after acquiring an additional 57,983 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VYX shares. Stephens lifted their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Needham & Company LLC reduced their target price on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus lifted their price target on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group lifted their price target on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.20.

NCR Voyix Stock Down 0.0%

Shares of VYX traded down $0.01 during midday trading on Thursday, hitting $13.55. The stock had a trading volume of 1,280,428 shares, compared to its average volume of 1,886,543. The company has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $11.24. NCR Voyix Corporation has a twelve month low of $7.55 and a twelve month high of $15.34. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 1.90 and a beta of 1.67. 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 results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. On average, analysts anticipate that NCR Voyix Corporation will post -0.86 EPS for the current year.

NCR Voyix Company 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.