NCR Voyix (NYSE:VYX) Reaches New 1-Year Low After Analyst Downgrade

NCR Voyix Co. (NYSE:VYX) reached a new 52-week low during mid-day trading 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 traded. The stock had previously closed at $9.91.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC dropped their target price on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Luxor Capital Group LP grew its holdings in NCR Voyix by 88.9% during the 3rd quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock valued at $2,061,000 after purchasing an additional 71,490 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after buying an additional 1,423 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of NCR Voyix by 129.1% during the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock valued at $1,140,000 after acquiring an additional 47,338 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of NCR Voyix by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company’s stock worth $38,006,000 after acquiring an additional 163,206 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of NCR Voyix by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company’s stock worth $44,338,000 after acquiring an additional 86,709 shares in the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The business has a fifty day moving average of $11.12 and a 200 day moving average of $12.83. The stock has a market cap of $1.19 billion, a PE ratio of 1.98 and a beta of 1.56.

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.