NCR Voyix (NYSE:VYX) Reaches New 52-Week Low – Here’s What Happened

NCR Voyix Co. (NYSE:VYX)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $7.55 and last traded at $7.66, with a volume of 213231 shares trading hands. The stock had previously closed at $7.80.

Wall Street Analyst Weigh In

VYX has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of NCR Voyix in a research note on Tuesday, March 25th. The Goldman Sachs Group decreased their target price on shares of NCR Voyix from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, Needham & Company LLC cut their price target on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

NCR Voyix Stock Down 1.9 %

The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $10.08 and a 200 day simple moving average of $12.37. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 1.77 and a beta of 1.49.

Institutional Trading of NCR Voyix

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after purchasing an additional 1,423 shares during the period. KBC Group NV raised its stake in NCR Voyix by 55.1% in the 4th quarter. KBC Group NV now owns 7,148 shares of the company’s stock valued at $99,000 after acquiring an additional 2,540 shares during the period. Xponance Inc. purchased a new stake in NCR Voyix during the fourth quarter valued at about $146,000. Cibc World Markets Corp purchased a new position in shares of NCR Voyix in the fourth quarter worth about $188,000. Finally, Magnetar Financial LLC bought a new stake in shares of NCR Voyix in the fourth quarter valued at approximately $189,000. Institutional investors own 97.00% of the company’s stock.

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.