NCR Voyix Corporation (VYX)

Over the past six months, NCR Voyix's stock price has significantly declined, underperforming the S&P500 Index. The stock has tumbled to fresh 52-week lows, erasing nearly 40% of its value, despite positive news such as beating Q4 2025 earnings estimates and securing a major five-year POS deal with Pilot Travel Centers. Analysts have pointed to softer recurring revenue metrics and challenges in the company's ongoing SaaS transformation as key concerns. As of March 19, 2026, the share price was $6.61, representing a decline of 35.64% from $10.27 on March 20, 2025.

The demand seasonality for NCR Voyix's products and services is expected to remain consistent with 2025, with Q1 typically being the lowest quarter. Recurring revenue for both the retail and restaurant segments is anticipated to improve throughout the year.

NCR Voyix operates on a hybrid business model, integrating hardware, software, and services, strategically pivoting towards a platform-led, SaaS model. Its core business segments include Retail and Hospitality Solutions, offering POS systems like NCR Voyix Aloha POS and NCR Emerald, self-checkout kiosks, inventory management software, retail analytics, and the Voyix Commerce Platform. The company also provides payment processing, managed IT services, cloud solutions, and network security.

NCR Voyix has a significant global presence, serving customers in over 35 countries across the United States, the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company derives its maximum revenue from the United States.

NCR Voyix has maintained a strong brand reputation as the world's largest supplier of POS software, with leadership in total POS software installations globally in the retail sector and new restaurant deployments. The company has been strategically repositioning itself as a software- and services-led provider, focusing on digital transformation and integrated solutions. The unveiling of its next-generation portfolio of microservices-based applications built on the Voyix Commerce Platform in January 2026 has impacted its reputation.

Institutional investors hold a dominant position in NCR Voyix, accounting for approximately 97.00% of the company's stock as of July 2025. Major institutional owners include BlackRock, Inc., Greenhouse Funds LLLP, Vanguard Group Inc, Shapiro Capital Management Llc, Fuller & Thaler Asset Management, Inc., Boston Partners, State Street Corp, First Pacific Advisors, LP, Dimensional Fund Advisors Lp, and Geode Capital Management, Llc. Richard McGuire is the largest individual NCR Voyix shareholder, owning 10.86 million shares, representing 7.81% of the company.