NCR Voyix (NYSE:VYX) Reaches New 12-Month Low on Analyst Downgrade

NCR Voyix Co. (NYSE:VYX)’s stock price hit a new 52-week low during trading on Monday after Needham & Company LLC lowered their price target on the stock from $20.00 to $15.00. Needham & Company LLC currently has a buy rating on the stock. NCR Voyix traded as low as $10.56 and last traded at $10.54, with a volume of 1647015 shares traded. The stock had previously closed at $11.28.

Institutional Investors Weigh In On NCR Voyix

A number of institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its holdings in NCR Voyix by 44.1% in the 3rd quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock worth $2,427,000 after purchasing an additional 54,714 shares during the period. Luxor Capital Group LP lifted its stake in shares of NCR Voyix by 88.9% in the 3rd quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock valued at $2,061,000 after purchasing an additional 71,490 shares during the last quarter. Engaged Capital LLC lifted its position in NCR Voyix by 14.1% in the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after buying an additional 885,000 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of NCR Voyix by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock worth $1,140,000 after purchasing an additional 47,338 shares during the period. Finally, Pathstone Holdings LLC boosted its position in shares of NCR Voyix by 651.1% during the third quarter. Pathstone Holdings LLC now owns 211,551 shares of the company’s stock valued at $2,871,000 after buying an additional 183,387 shares during the period. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Trading Down 8.0 %

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The company has a market cap of $1.52 billion, a PE ratio of 2.40 and a beta of 1.62. The stock has a fifty day moving average of $12.85 and a 200-day moving average of $13.34.

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.