NCR Voyix (NYSE:VYX) Sets New 12-Month Low – Here’s What Happened

NCR Voyix Co. (NYSE:VYX) reached a new 52-week low during trading on Monday . The company traded as low as $7.55 and last traded at $7.66, with a volume of 213231 shares. The stock had previously closed at $7.80.

Analyst Ratings Changes

A number of equities analysts have weighed in on VYX shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of NCR Voyix in a research report on Tuesday, March 25th. Needham & Company LLC cut their price target on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price objective on NCR Voyix from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.17.

NCR Voyix Price Performance

The firm has a market cap of $1.10 billion, a P/E ratio of 1.83 and a beta of 1.49. The firm’s fifty day simple moving average is $9.92 and its 200 day simple moving average is $12.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20.

Hedge Funds Weigh In On NCR Voyix

Several institutional investors have recently added to or reduced their stakes in VYX. Smartleaf Asset Management LLC boosted its position in shares of NCR Voyix by 175.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after acquiring an additional 1,423 shares during the last quarter. KBC Group NV grew its stake in shares of NCR Voyix by 55.1% in the 4th quarter. KBC Group NV now owns 7,148 shares of the company’s stock worth $99,000 after buying an additional 2,540 shares in the last quarter. Xponance Inc. bought a new stake in shares of NCR Voyix in the 4th quarter worth about $146,000. Cibc World Markets Corp purchased a new stake in shares of NCR Voyix during the 4th quarter valued at about $188,000. Finally, Magnetar Financial LLC bought a new position in shares of NCR Voyix in the 4th quarter valued at about $189,000. Hedge funds and other 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.