NCR Voyix (NYSE:VYX) Shares Down 6.3% on Analyst Downgrade

NCR Voyix Corporation (NYSE:VYX)’s stock price dropped 6.3% during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $13.00 to $11.50. The Goldman Sachs Group currently has a neutral rating on the stock. NCR Voyix traded as low as $10.42 and last traded at $10.4150. Approximately 385,442 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,452,969 shares. The stock had previously closed at $11.11.

Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of NCR Voyix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. UBS Group set a $18.00 target price on shares of NCR Voyix in a report on Monday, September 29th. Oppenheimer boosted their price target on NCR Voyix from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of NCR Voyix in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NCR Voyix in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average target price of $15.64.

Institutional Trading of NCR Voyix

A number of hedge funds and other institutional investors have recently bought and sold shares of VYX. Boston Partners lifted its position in shares of NCR Voyix by 241.3% during the 2nd quarter. Boston Partners now owns 4,997,388 shares of the company’s stock valued at $58,990,000 after buying an additional 3,533,101 shares in the last quarter. ADW Capital Management LLC bought a new stake in NCR Voyix during the 3rd quarter worth approximately $28,238,000. Fund 1 Investments LLC bought a new position in shares of NCR Voyix in the second quarter worth approximately $11,742,000. Royce & Associates LP increased its stake in shares of NCR Voyix by 1,570.3% in the third quarter. Royce & Associates LP now owns 578,233 shares of the company’s stock worth $7,257,000 after purchasing an additional 543,615 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of NCR Voyix by 458.4% during the 3rd quarter. Millennium Management LLC now owns 643,019 shares of the company’s stock valued at $8,070,000 after purchasing an additional 527,858 shares during the period. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Performance

The company has a market cap of $1.49 billion, a PE ratio of -24.31 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 0.94 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $10.34 and its two-hundred day moving average is $11.93.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Wednesday, April 13th. The company reported $0.59 EPS for the quarter. The business had revenue of $1.63 billion for the quarter. NCR Voyix had a positive return on equity of 5.08% and a negative net margin of 2.15%.NCR Voyix has set its FY 2025 guidance at 0.850-0.900 EPS. On average, equities research analysts anticipate that NCR Voyix Corporation will post -0.86 EPS for the current year.

NCR Voyix Company Profile

NCR Voyix is a technology company formed through the spin-off of NCR Corporation’s financial and digital commerce business. The company designs, manufactures and supports self-service solutions for banking and retail environments, with core offerings that include ATMs, kiosks, point-of-sale terminals and payment software. By blending hardware, cloud-based applications and managed services, NCR Voyix aims to help financial institutions and merchants modernize customer experiences and streamline transaction processing.

Building on more than a century of heritage under the NCR name, NCR Voyix leverages decades of engineering expertise and innovation in transaction automation.