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

NCR Voyix Corporation (NYSE:VYX)’s share price was down 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 traded 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.

A number of other equities analysts also recently issued reports on the company. UBS Group set a $18.00 price objective on NCR Voyix in a research report on Monday, September 29th. Oppenheimer boosted their price target on shares of 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 issued a $15.00 price objective on shares of NCR Voyix in a research note on Monday, September 29th. Weiss Ratings reissued a “sell (d)” rating on shares of NCR Voyix in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of NCR Voyix from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NCR Voyix presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.64.

Institutional Investors Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in shares of NCR Voyix during the third quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in NCR Voyix by 2,835.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,522 shares of the company’s stock worth $41,000 after buying an additional 3,402 shares during the period. Aster Capital Management DIFC Ltd bought a new position in NCR Voyix in the third quarter worth approximately $56,000. Blue Trust Inc. grew its stake in NCR Voyix by 33.5% in the third quarter. Blue Trust Inc. now owns 4,755 shares of the company’s stock valued at $60,000 after acquiring an additional 1,193 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of NCR Voyix by 299.9% during the second quarter. GAMMA Investing LLC now owns 5,774 shares of the company’s stock valued at $68,000 after acquiring an additional 4,330 shares in the last quarter. 97.00% of the stock is owned by institutional investors.

NCR Voyix Price Performance

The business has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $11.91. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -24.87 and a beta of 1.46.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. NCR Voyix had a negative net margin of 2.15% and a positive return on equity of 5.08%. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $669.06 million. During the same quarter last year, the firm posted $0.01 EPS. NCR Voyix’s revenue was down 3.4% compared to the same quarter last year. NCR Voyix has set its FY 2025 guidance at 0.850-0.900 EPS. As a group, 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.