The Vanguard Group, Inc. recently announced the acquisition of new stake in NCR Voyix Corp (NYSE:VYX). The institutional investor has increased its shareholding in the Technology company by 0.57% to 14.13 million shares with purchase of 80600.0 shares. This fresh investment now brings its stake to 10.01% valued currently at $221.56 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.25 million to 3.75 million shares. And PGIM Quantitative Solutions LLC has lifted its position by 7.41% or 0.23 million shares – to 3.3 million shares.
With over 26.88 million NCR Voyix Corp (VYX) shares trading Friday and a closing price of $16.91 on the day, the dollar volume was approximately $454.59 million. The shares have shown a positive half year performance of 9.40% and its price on 12/29/23 lost nearly -1.23%. Currently, there are 138.00M common shares owned by the public and among those 134.12M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for VYX have a consensus price objective of $19.54. The analysts have set the share’s price value over the next 12 months at a high of $23.00 and a low of $14.72. The average price target is 13.46% above its recent price level and a downside to the estimated low will see the stock lose -14.88% over that period. But an upside of 26.48% will see the stock hit the forecast high price target while median target price for the stock is $19.00.
Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 552,139 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 408,073 shares.
The top 3 mutual fund holders in NCR Voyix Corp are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Undiscovered Managers Behavioral. Vanguard Total Stock Market ETF owns 4.17 million shares of the company’s stock, all valued at over $65.31 million. The company bought an additional 5814.0 shares recently to bring their total holdings to about 2.95% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 732.0 shares to see its total holdings expand to 4.13 million shares valued at over $64.74 million and representing 2.92% of the shares outstanding. Undiscovered Managers Behavioral sold 30300.0 shares to bring its total holdings to over 3.94 million shares at a value of $61.76 million. Undiscovered Managers Behavioral now owns shares totaling to 2.79% of the shares outstanding.
Shares of NCR Voyix Corp (NYSE: VYX) opened at $17.08, down -$0.04 from a prior closing price of $17.12. The company’s stock has a 5-day price change of 1.93% and 2.22% over the past three months. VYX shares are trading 17.77% year to date (YTD), with the 12-month market performance up to 21.77% higher. It has a 12-month low price of $11.99 and touched a high of $19.01 over the same period. VYX has an average intraday trading volume of 2.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.82%, 6.59%, and 8.04% respectively.
Institutional ownership of NCR Voyix Corp (NYSE: VYX) shares accounts for 90.46% of the company’s 138.00M shares outstanding. Mutual fund holders own 44.89%, while other institutional holders and individual stakeholders account for 45.70% and 17.83% respectively.
It has a market capitalization of $2.39B and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.98% over the week and 2.73% over the month.
Analysts forecast that NCR Voyix Corp (VYX) will achieve an EPS of $0.45 for the current quarter, $0.57 for the next quarter and $1.8 for 2024. The lowest estimate earnings-per-share for the quarter is $0.3 while analysts give the company a high EPS estimate of $0.59. Comparatively, EPS for the current quarter was $0.79 a year ago. Earnings per share for the fiscal year are expected to increase by 61.05%, and -2.27% over the next financial year. EPS should grow at an annualized rate of 4.00% over the next five years, compared to -20.29% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate NCR Voyix Corp (VYX) as a “Strong Buy” at a consensus score of 1.57. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 2 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VYX, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on December 04, 2023, with the firm’s price target at $22.
