NCR Voyix (NYSE:VYX) Hits New 52-Week Low – Time to Sell?

Shares of NCR Voyix Co. (NYSE:VYX) hit a new 52-week low during trading on Wednesday . The company traded as low as $7.67 and last traded at $7.79, with a volume of 3452371 shares trading hands. The stock had previously closed at $8.29.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of NCR Voyix from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC decreased their price target 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of NCR Voyix in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

NCR Voyix Trading Down 6.1 %

The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 1.80 and a beta of 1.49. The business’s fifty day moving average is $10.85 and its 200 day moving average is $12.70. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

Institutional Trading of NCR Voyix

A number of institutional investors have recently modified their holdings of the company. Shapiro Capital Management LLC raised its position in NCR Voyix by 10.1% in the 4th quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after buying an additional 956,177 shares during the last quarter. Greenhouse Funds LLLP raised its holdings in shares of NCR Voyix by 10.4% in the fourth 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 last quarter. State Street Corp lifted its position in shares of NCR Voyix by 2.7% in the third quarter. State Street Corp now owns 5,749,678 shares of the company’s stock worth $78,023,000 after purchasing an additional 152,525 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in NCR Voyix by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock worth $64,953,000 after purchasing an additional 621,303 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in NCR Voyix by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company’s stock valued at $44,338,000 after purchasing an additional 86,709 shares in the last quarter. 97.00% of the stock is currently 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.