Charles Schwab Investment Management Inc. Acquires 238,555 Shares of NCR Voyix Co. (NYSE:VYX)

Charles Schwab Investment Management Inc. raised its stake in shares of NCR Voyix Co. (NYSE:VYX) by 10.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,582,882 shares of the company’s stock after acquiring an additional 238,555 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.77% of NCR Voyix worth $35,050,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VYX. Blue Trust Inc. raised its holdings in shares of NCR Voyix by 72.0% during the second quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Mather Group LLC. purchased a new stake in NCR Voyix during the 2nd quarter valued at $41,000. Nisa Investment Advisors LLC lifted its holdings in shares of NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after buying an additional 1,903 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of NCR Voyix in the 2nd quarter worth $69,000. Finally, CWM LLC bought a new stake in shares of NCR Voyix in the second quarter worth $80,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Performance

Shares of NYSE VYX opened at $14.50 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. NCR Voyix Co. has a 1 year low of $10.87 and a 1 year high of $17.39. The firm has a fifty day moving average price of $13.65 and a 200-day moving average price of $13.35. The stock has a market cap of $2.12 billion, a PE ratio of 3.36 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $692.58 million. During the same period in the prior year, the business earned $0.77 earnings per share. NCR Voyix’s revenue was down 12.1% compared to the same quarter last year. Equities analysts anticipate that NCR Voyix Co. will post -1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. DA Davidson dropped their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group started coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.43.

NCR Voyix 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.