NCR Voyix (NYSE:VYX) Hits New 52-Week Low – Here’s What Happened

NCR Voyix Co. (NYSE:VYX) shares hit a new 52-week low on Wednesday . The company traded as low as $9.72 and last traded at $9.79, with a volume of 492816 shares trading hands. The stock had previously closed at $9.95.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC dropped their price objective on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.71.

NCR Voyix Stock Performance

The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market cap of $1.34 billion, a PE ratio of 2.25 and a beta of 1.56. The stock’s 50 day moving average price is $12.35 and its 200 day moving average price is $13.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VYX. Entropy Technologies LP acquired a new stake in shares of NCR Voyix in the third quarter valued at about $344,000. Victory Capital Management Inc. grew its position in NCR Voyix by 0.8% in the third quarter. Victory Capital Management Inc. now owns 4,071,816 shares of the company’s stock valued at $55,255,000 after acquiring an additional 31,436 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of NCR Voyix by 27.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 14,173 shares of the company’s stock valued at $192,000 after purchasing an additional 3,060 shares during the period. Empowered Funds LLC lifted its position in shares of NCR Voyix by 5.4% during the third quarter. Empowered Funds LLC now owns 576,686 shares of the company’s stock worth $7,826,000 after purchasing an additional 29,346 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of NCR Voyix by 651.1% in the third quarter. Pathstone Holdings LLC now owns 211,551 shares of the company’s stock valued at $2,871,000 after purchasing an additional 183,387 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

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.