Maryland State Retirement & Pension System Sells 6,487 Shares of NCR Voyix Corporation (NYSE:VYX)

Maryland State Retirement & Pension System trimmed its holdings in shares of NCR Voyix Corporation (NYSE:VYX) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,604 shares of the company’s stock after selling 6,487 shares during the quarter. Maryland State Retirement & Pension System’s holdings in NCR Voyix were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in NCR Voyix by 20.7% during the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company’s stock worth $77,000 after acquiring an additional 1,360 shares during the last quarter. Cetera Investment Advisers bought a new stake in NCR Voyix during the 1st quarter worth approximately $152,000. Mariner LLC grew its holdings in NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company’s stock worth $194,000 after acquiring an additional 872 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in NCR Voyix during the 1st quarter worth approximately $198,000. Finally, Focus Partners Wealth acquired a new position in shares of NCR Voyix in the 4th quarter worth approximately $202,000. 97.00% of the stock is owned by institutional investors.

NCR Voyix Stock Down 1.0%

NCR Voyix stock opened at $12.51 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.16 and a debt-to-equity ratio of 1.27. NCR Voyix Corporation has a 12-month low of $7.55 and a 12-month high of $15.34. The firm’s fifty day moving average is $12.87 and its 200 day moving average is $11.20. The company has a market capitalization of $1.73 billion, a PE ratio of 1.75 and a beta of 1.67.

NCR Voyix (NYSE:VYX) last released its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. During the same quarter in the previous year, the company earned ($0.20) EPS. NCR Voyix’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VYX. The Goldman Sachs Group boosted their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Stephens boosted their price target on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Stifel Nicolaus boosted their price target on shares of NCR Voyix from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC dropped their price target on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.20.

NCR Voyix 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.