NCR Voyix (NYSE:VYX) Trading Down 4.7% – Here’s Why

NCR Voyix Corporation (NYSE:VYX) shares were down 4.7% during mid-day trading on Thursday . The stock traded as low as $9.73 and last traded at $9.7350. Approximately 2,458,611 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 1,802,811 shares. The stock had previously closed at $10.21.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VYX shares. Stifel Nicolaus boosted their price target on NCR Voyix from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Oppenheimer boosted their target price on NCR Voyix from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Zacks Research cut shares of NCR Voyix from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. UBS Group set a $18.00 price target on shares of NCR Voyix in a report on Monday, September 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of NCR Voyix in a research note on Monday, September 29th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.57.

NCR Voyix Price Performance

The company has a 50 day moving average price of $11.26 and a 200-day moving average price of $12.13. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -22.13 and a beta of 1.54. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 1.30.

NCR Voyix (NYSE:VYX) last posted its earnings results on Wednesday, April 13th. The company reported $0.59 earnings per share for the quarter. NCR Voyix had a negative net margin of 2.15% and a positive return on equity of 5.08%. The firm had revenue of $1.63 billion for the quarter. As a group, equities research analysts predict that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new position in NCR Voyix during the 3rd quarter worth about $186,000. CANADA LIFE ASSURANCE Co raised its position in shares of NCR Voyix by 9.8% during the third quarter. CANADA LIFE ASSURANCE Co now owns 163,001 shares of the company’s stock worth $2,098,000 after acquiring an additional 14,557 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of NCR Voyix in the third quarter worth approximately $1,445,000. Park West Asset Management LLC bought a new stake in NCR Voyix in the third quarter valued at approximately $2,579,000. Finally, Millennium Management LLC increased its position in 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. 97.00% of the stock is owned by institutional investors.

NCR Voyix Company 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.