NCR Voyix (NYSE:VYX) Sets New 12-Month Low Following Analyst Downgrade

NCR Voyix Co. (NYSE:VYX) shares reached a new 52-week low on Thursday after The Goldman Sachs Group lowered their price target on the stock from $13.00 to $11.00. The Goldman Sachs Group currently has a neutral rating on the stock. NCR Voyix traded as low as $9.03 and last traded at $9.06, with a volume of 628471 shares. The stock had previously closed at $9.91.

Several other analysts have also weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of NCR Voyix in a report on Tuesday, March 25th. Needham & Company LLC lowered their price target on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Institutional Investors Weigh In On NCR Voyix

Several institutional investors and hedge funds have recently bought and sold shares of the business. Shapiro Capital Management LLC grew its holdings in shares of NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after purchasing an additional 956,177 shares during the last quarter. Greenhouse Funds LLLP boosted its position in NCR Voyix by 10.4% during the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after purchasing an additional 787,032 shares during the period. Boston Partners grew its stake in NCR Voyix by 966.8% during the 4th quarter. Boston Partners now owns 732,480 shares of the company’s stock worth $10,131,000 after buying an additional 663,821 shares during the last quarter. Victory Capital Management Inc. increased its position in NCR Voyix by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock worth $64,953,000 after buying an additional 621,303 shares during the period. Finally, FMR LLC lifted its stake in NCR Voyix by 9.1% in the third quarter. FMR LLC now owns 7,157,231 shares of the company’s stock valued at $97,124,000 after buying an additional 596,254 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Price Performance

The business has a 50 day simple moving average of $11.12 and a 200-day simple moving average of $12.83. The company has a market capitalization of $1.19 billion, a P/E ratio of 1.98 and a beta of 1.56. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

About NCR Voyix

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.