NCR Voyix Corporation $VYX Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in NCR Voyix Corporation by 6.6%, owning approximately 18.5 million shares valued at $180.53 million.
• Several other institutional investors, including Spire Wealth Management and Bank of America Corp DE, have increased their positions in NCR Voyix, reflecting significant interest from hedge funds.
• NCR Voyix reported earnings of $0.19 per share for the last quarter, surpassing analyst expectations, despite a revenue decline of 7.8% year-over-year.

Vanguard Group Inc. trimmed its position in NCR Voyix Corporation (NYSE:VYX - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,516,275 shares of the company's stock after selling 1,311,485 shares during the quarter. Vanguard Group Inc. owned about 13.29% of NCR Voyix worth $180,534,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VYX. Spire Wealth Management raised its position in NCR Voyix by 20.7% during the first 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. Cetera Investment Advisers purchased a new position in NCR Voyix during the first quarter valued at approximately $152,000. Mariner LLC raised its position in NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after acquiring an additional 872 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in NCR Voyix during the first quarter valued at approximately $198,000. Finally, Focus Partners Wealth purchased a new position in NCR Voyix during the fourth quarter valued at approximately $202,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

NCR Voyix Price Performance

Shares of NYSE:VYX traded up $0.9050 during midday trading on Friday, hitting $13.7150. The company's stock had a trading volume of 1,944,519 shares, compared to its average volume of 1,873,669. The business's 50 day simple moving average is $12.98 and its 200 day simple moving average is $11.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 1.16. The company has a market cap of $1.90 billion, a P/E ratio of 1.92 and a beta of 1.67. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping 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 net margin of 38.86% and a negative return on equity of 2.84%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. On average, analysts forecast that NCR Voyix Corporation will post -0.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VYX shares. Stifel Nicolaus boosted their price objective 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 boosted their price objective 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 boosted their price objective 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 cut their price objective 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, NCR Voyix presently has a consensus 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.