JPMorgan Chase & Co. Reduces Position in NCR Voyix Co. (NYSE:VYX)

JPMorgan Chase & Co. lessened its holdings in shares of NCR Voyix Co. (NYSE:VYX) by 37.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,872 shares of the company’s stock after selling 124,215 shares during the quarter. JPMorgan Chase & Co.’s holdings in NCR Voyix were worth $2,794,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of VYX. Truvestments Capital LLC bought a new position in NCR Voyix in the 3rd quarter worth approximately $25,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in NCR Voyix during the 3rd quarter valued at $136,000. MBB Public Markets I LLC purchased a new stake in shares of NCR Voyix during the second quarter worth $134,000. Oppenheimer Asset Management Inc. bought a new position in shares of NCR Voyix in the second quarter worth $137,000. Finally, Algert Global LLC purchased a new position in shares of NCR Voyix in the second quarter valued at $170,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Down 0.8 %

Shares of NYSE VYX opened at $13.08 on Tuesday. 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 business has a 50-day moving average of $14.09 and a 200-day moving average of $13.63. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.03 and a beta of 1.63. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $15.98.

NCR Voyix (NYSE:VYX) last released 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). The company had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $692.58 million. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. NCR Voyix’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. Sell-side analysts expect that NCR Voyix Co. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VYX shares. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a report on Monday, October 14th. The Goldman Sachs Group started coverage on shares of NCR Voyix in a research report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.43.

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.