Intech Investment Management LLC Acquires New Position in NCR Voyix Co. (NYSE:VYX)

Intech Investment Management LLC purchased a new stake in NCR Voyix Co. (NYSE:VYX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 31,456 shares of the company’s stock, valued at approximately $427,000.

Several other institutional investors have also modified their holdings of VYX. Price T Rowe Associates Inc. MD acquired a new stake in NCR Voyix in the 1st quarter valued at about $1,646,000. Public Employees Retirement System of Ohio acquired a new position in NCR Voyix during the 1st quarter worth approximately $673,000. Janus Henderson Group PLC purchased a new stake in shares of NCR Voyix in the 1st quarter valued at approximately $824,000. California State Teachers Retirement System acquired a new stake in shares of NCR Voyix in the 1st quarter valued at $1,689,000. Finally, Tidal Investments LLC purchased a new stake in shares of NCR Voyix during the 1st quarter worth $129,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Price Performance

NCR Voyix stock opened at $14.50 on Tuesday. 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 $2.12 billion, a P/E ratio of 3.36 and a beta of 1.64. The firm has a fifty day moving average of $13.65 and a 200-day moving average of $13.35. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $17.39.

NCR Voyix (NYSE:VYX) last announced its earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. As a group, analysts predict that NCR Voyix Co. will post -1.86 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on VYX. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a research note on Monday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock. DA Davidson lowered their target price on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada reduced their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, NCR Voyix currently has an average rating of “Moderate Buy” and an average target price of $16.43.

About NCR Voyix

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.