NCR Voyix Co. (NYSE:VYX) is Engaged Capital LLC's 2nd Largest Position

Engaged Capital LLC decreased its stake in NCR Voyix Co. (NYSE:VYX - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,771,033 shares of the company's stock after selling 1,399,996 shares during the period. NCR Voyix makes up 16.4% of Engaged Capital LLC's investment portfolio, making the stock its 2nd largest holding. Engaged Capital LLC owned 3.95% of NCR Voyix worth $79,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock worth $31,000 after acquiring an additional 1,423 shares during the last quarter. KBC Group NV raised its position in shares of NCR Voyix by 55.1% in the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock valued at $99,000 after buying an additional 2,540 shares during the last quarter. Xponance Inc. acquired a new position in shares of NCR Voyix in the fourth quarter valued at approximately $146,000. Cibc World Markets Corp acquired a new position in shares of NCR Voyix in the fourth quarter valued at approximately $188,000. Finally, Magnetar Financial LLC acquired a new position in shares of NCR Voyix in the fourth quarter valued at approximately $189,000. Institutional investors and hedge funds own 97.00% of the company's stock.

Analyst Upgrades and Downgrades

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

NCR Voyix Trading Up 0.7 %

VYX traded up $0.06 during trading on Monday, hitting $8.63. 1,164,267 shares of the company's stock were exchanged, compared to its average volume of 1,858,242. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix Co. has a 1 year low of $7.55 and a 1 year high of $15.34. The stock has a 50 day moving average price of $9.62 and a 200 day moving average price of $12.16. The firm has a market cap of $1.20 billion, a P/E ratio of 2.00 and a beta of 1.49.

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.