NCR Voyix (NYSE:VYX) Reaches New 1-Year Low – What’s Next?

NCR Voyix Co. (NYSE:VYX)’s share price hit a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on 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 reduced their target price on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of NCR Voyix in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

NCR Voyix Stock Down 1.9 %

The company has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $12.37. 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 firm has a market capitalization of $1.06 billion, a P/E ratio of 1.77 and a beta of 1.49.

Institutional Investors Weigh In On NCR Voyix

Several institutional investors and hedge funds have recently made changes to their positions in the company. Shapiro Capital Management LLC raised its holdings in shares of NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after purchasing an additional 956,177 shares during the last quarter. Greenhouse Funds LLLP boosted its stake in shares of NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock worth $115,327,000 after buying an additional 787,032 shares during the last quarter. Boston Partners grew its holdings in shares of NCR Voyix by 966.8% in the fourth quarter. Boston Partners now owns 732,480 shares of the company’s stock worth $10,131,000 after acquiring an additional 663,821 shares during the period. Victory Capital Management Inc. lifted its holdings in NCR Voyix by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock valued at $64,953,000 after acquiring an additional 621,303 shares during the period. Finally, Barclays PLC boosted its position in NCR Voyix by 149.5% in the third quarter. Barclays PLC now owns 668,816 shares of the company’s stock worth $9,075,000 after purchasing an additional 400,734 shares during the last quarter. Institutional investors own 97.00% of the company’s stock.

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.