NCR Voyix (NYSE:VYX) Sets New 1-Year Low on Analyst Downgrade

NCR Voyix Co. (NYSE:VYX - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $13.00 to $11.00. The Goldman Sachs Group currently has a neutral rating on the stock. NCR Voyix traded as low as $9.03 and last traded at $9.06, with a volume of 628471 shares. The stock had previously closed at $9.91.

A number of other equities analysts have also commented on the company. Needham & Company LLC lowered their price objective on NCR Voyix from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price target on shares of NCR Voyix in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in NCR Voyix by 44.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 99,612 shares of the company's stock worth $1,352,000 after purchasing an additional 30,736 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of NCR Voyix by 50.1% in the 3rd quarter. Quantinno Capital Management LP now owns 20,420 shares of the company's stock valued at $277,000 after acquiring an additional 6,820 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of NCR Voyix during the 3rd quarter valued at $306,000. State Street Corp grew its position in NCR Voyix by 2.7% during the 3rd quarter. State Street Corp now owns 5,749,678 shares of the company's stock worth $78,023,000 after acquiring an additional 152,525 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in NCR Voyix by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,191,232 shares of the company's stock worth $16,165,000 after purchasing an additional 13,046 shares in the last quarter. Institutional investors and hedge funds own 97.00% of the company's stock.

NCR Voyix Stock Performance

The company has a fifty day moving average price of $11.03 and a two-hundred day moving average price of $12.78. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market capitalization of $1.11 billion, a P/E ratio of 1.84 and a beta of 1.49.

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.