VONE's Underlying Holdings Imply 10% Gain Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Should l Buy VYX?
Source: NASDAQ.COM
- Underlying Holdings Analysis: ETF Channel compared trading prices of holdings against average analyst 12-month target prices to calculate weighted average implied analyst target price for Vanguard Russell 1000 ETF (VONE).
- Implied Analyst Target Price: Implied analyst target price for VONE is $271.12 per unit, with a recent trading price near $247.45 per unit, indicating 9.57% upside according to analysts.
- Notable Upside Holdings: Three holdings in VONE with notable upside to analyst targets are NCR Voyix Corp (VYX), Lyft Inc (LYFT), and Maplebear Inc (CART).
- Analyst Target Prices: VYX has a target price 52.31% higher, LYFT has 40.85% upside, and CART is expected to reach a target price 31.62% above recent prices.
- Investor Considerations: Questions raised about analyst justifications for targets, optimism, and potential target price downgrades based on future developments, prompting further investor research.
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Analyst Views on VYX
Wall Street analysts forecast VYX stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.280
Low
15.00
Averages
15.80
High
17.00
Current: 6.280
Low
15.00
Averages
15.80
High
17.00
About VYX
NCR Voyix Corporation is a global provider of digital commerce solutions for the retail and restaurant industries. The Company transforms retail stores and restaurant systems through experiences with comprehensive, platform-led software-as-services (SaaS) and services capabilities. The Company operates through two segments: Retail and Restaurants. The Retail segment offers software-led solutions to customers in the retail industry, including retail-oriented technologies such as comprehensive API-point of sale retail software platforms and applications, hardware terminals, self-service kiosks including self-checkout (SCO), payment processing and merchant acquiring solutions, and bar-code scanners. Its Restaurants segment offers technology solutions to customers in the restaurant industry, including POS hardware and software solutions, payment processing and merchant acquiring services, installation, maintenance, as well as managed and professional services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Greenhouse Funds Fully Exits Blackbaud Stake Amid SaaS Concerns
- Sale Overview: Greenhouse Funds LLLP disclosed the sale of 802,904 shares of Blackbaud during Q4 2025, with an estimated transaction value of $51.63 million, marking a complete exit from the company and reflecting concerns over the SaaS sector.
- Impact on Holdings: This transaction reduced Blackbaud's representation in Greenhouse Funds' 13F assets to zero, indicating a lack of confidence in the company's future performance, which could affect the overall performance of the fund's portfolio.
- Market Performance Analysis: As of February 13, 2026, Blackbaud's stock was priced at $49.08, with a one-year return of -39.2%, highlighting the company's vulnerable position in the market, which likely prompted the fund's decision to sell.
- Industry Trend Reflection: The sale by Greenhouse Funds aligns with the broader challenges faced by SaaS stocks, particularly as AI technologies rapidly evolve, putting cost pressures on many SaaS companies and prompting investors to reassess their investment strategies.
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Greenhouse Funds Fully Sells Blackbaud Shares
- Significant Trade Size: Greenhouse Funds LLLP sold 802,904 shares of Blackbaud in Q4 2025, with an estimated transaction value of $51.63 million, reflecting the fund's strategic exit from SaaS stocks amid market volatility.
- Asset Management Shift: This transaction reduced Greenhouse Funds' Blackbaud position value from 1.89% of AUM to 0, indicating a significant loss of confidence in Blackbaud, likely due to increasing industry uncertainties.
- Market Reaction: Blackbaud's stock continued to decline in 2026, validating the timing of Greenhouse Funds' exit and highlighting concerns about the company's future performance, especially with the rapid advancement of AI technologies.
- Investment Strategy Adjustment: This decision aligns with the broader trend in the SaaS industry, suggesting that the fund's management may prefer reallocating capital to other more promising investments to navigate market fluctuations.
See More
NCR Voyix Sells Japan Banking Tech Business to NTT Data
- Deal Announcement: NCR Voyix has reached an agreement to sell its banking technology solutions business in Japan to NTT Data, with the transaction expected to close by the end of 2026, aimed at ensuring continuity for existing clients while creating new opportunities.
- Client Service Assurance: This transaction will guarantee service continuity for existing clients of NCR Commerce Japan Ltd. during the transition, while also providing new growth opportunities for employees, thereby enhancing competitiveness in the global financial services technology sector.
- Enhanced Service Delivery: NTT Data intends to strengthen service delivery for financial institutions by building on NCR's established expertise, which will enhance its competitive edge in the global financial IT services portfolio.
- Financial Outlook: NCR Voyix projects a revenue outlook of $2.21 billion to $2.325 billion for 2026, reflecting positive signals of accelerated platform scaling and indicating the company's ongoing growth potential in the financial technology sector.
See More
NCR Voyix Sells Japan Banking Tech Business to NTT DATA
- Transaction Overview: NCR Voyix has announced the sale of its banking technology solutions business in Japan to NTT DATA, with the transaction expected to close by the end of 2026, aimed at enhancing client service continuity and creating new opportunities for employees.
- Business Impact: This business has long provided critical services such as foreign exchange and loan solutions to financial institutions in Japan, and the transaction will integrate it into NTT DATA's global financial IT services portfolio, thereby enhancing service delivery capabilities.
- Strategic Focus: Darren Wilson, Executive Vice President of NCR Voyix, stated that this transaction will allow the company to concentrate on its core retail and restaurant businesses while ensuring the long-term success of the Japan banking technology business.
- Market Outlook: NTT DATA, a global leader in business and technology services with over $30 billion in annual revenue and extensive experience in financial services, is expected to further drive innovation and development in the fintech sector through this acquisition.
See More
AREX Capital Management Reduces NCR Voyix Stake Significantly
- Share Reduction Details: AREX Capital Management disclosed in an SEC filing on February 17, 2026, the sale of 251,536 shares of NCR Voyix, amounting to approximately $2.73 million, which reduced its stake from 10.8% to 3.52%.
- Overall Value Decline: This sale decreased AREX's overall position in NCR Voyix to $1.24 million, reflecting a 19% decline in its assets under management (AUM), indicating a phase of downsizing for the fund.
- Stock Performance Analysis: As of February 17, 2026, NCR Voyix shares were priced at $9.26, down 24.3% year-over-year, significantly underperforming the S&P 500 by 36.57 percentage points, highlighting the company's poor market performance.
- Investor Focus: While AREX's reduction may signal caution, for long-term investors, the critical question remains whether NCR Voyix's long-term business model can sustain itself, especially as the company transitions to a software-based revenue model.
See More
AREX Capital Management Sells NCR Voyix Shares
- Share Sale Disclosure: AREX Capital Management disclosed the sale of 251,536 shares of NCR Voyix in an SEC filing dated February 17, 2026, with an estimated transaction value of $2.73 million, indicating a strategic reassessment of its holdings.
- Position Value Decline: By the end of the quarter, the value of AREX's position in NCR Voyix fell by $3.44 million, leaving them with 121,364 shares valued at $1.24 million, suggesting a weakening stance in their investment portfolio.
- Portfolio Adjustment: NCR Voyix now accounts for 3.52% of AREX's total assets under management and has dropped to the fifth-largest holding, reflecting a cautious approach by AREX in adjusting its concentrated portfolio.
- Market Performance Insight: NCR Voyix's stock has declined approximately 24% over the past year, significantly underperforming the broader market, indicating a lack of investor confidence in its transition to a software-based revenue model, prompting a careful evaluation of its long-term business prospects.
See More
Greenhouse Funds Fully Exits Blackbaud Stake Amid SaaS Concerns
- Sale Overview: Greenhouse Funds LLLP disclosed the sale of 802,904 shares of Blackbaud during Q4 2025, with an estimated transaction value of $51.63 million, marking a complete exit from the company and reflecting concerns over the SaaS sector.
- Impact on Holdings: This transaction reduced Blackbaud's representation in Greenhouse Funds' 13F assets to zero, indicating a lack of confidence in the company's future performance, which could affect the overall performance of the fund's portfolio.
- Market Performance Analysis: As of February 13, 2026, Blackbaud's stock was priced at $49.08, with a one-year return of -39.2%, highlighting the company's vulnerable position in the market, which likely prompted the fund's decision to sell.
- Industry Trend Reflection: The sale by Greenhouse Funds aligns with the broader challenges faced by SaaS stocks, particularly as AI technologies rapidly evolve, putting cost pressures on many SaaS companies and prompting investors to reassess their investment strategies.
See More
Greenhouse Funds Fully Sells Blackbaud Shares
- Significant Trade Size: Greenhouse Funds LLLP sold 802,904 shares of Blackbaud in Q4 2025, with an estimated transaction value of $51.63 million, reflecting the fund's strategic exit from SaaS stocks amid market volatility.
- Asset Management Shift: This transaction reduced Greenhouse Funds' Blackbaud position value from 1.89% of AUM to 0, indicating a significant loss of confidence in Blackbaud, likely due to increasing industry uncertainties.
- Market Reaction: Blackbaud's stock continued to decline in 2026, validating the timing of Greenhouse Funds' exit and highlighting concerns about the company's future performance, especially with the rapid advancement of AI technologies.
- Investment Strategy Adjustment: This decision aligns with the broader trend in the SaaS industry, suggesting that the fund's management may prefer reallocating capital to other more promising investments to navigate market fluctuations.
See More
NCR Voyix Sells Japan Banking Tech Business to NTT Data
- Deal Announcement: NCR Voyix has reached an agreement to sell its banking technology solutions business in Japan to NTT Data, with the transaction expected to close by the end of 2026, aimed at ensuring continuity for existing clients while creating new opportunities.
- Client Service Assurance: This transaction will guarantee service continuity for existing clients of NCR Commerce Japan Ltd. during the transition, while also providing new growth opportunities for employees, thereby enhancing competitiveness in the global financial services technology sector.
- Enhanced Service Delivery: NTT Data intends to strengthen service delivery for financial institutions by building on NCR's established expertise, which will enhance its competitive edge in the global financial IT services portfolio.
- Financial Outlook: NCR Voyix projects a revenue outlook of $2.21 billion to $2.325 billion for 2026, reflecting positive signals of accelerated platform scaling and indicating the company's ongoing growth potential in the financial technology sector.
See More
NCR Voyix Sells Japan Banking Tech Business to NTT DATA
- Transaction Overview: NCR Voyix has announced the sale of its banking technology solutions business in Japan to NTT DATA, with the transaction expected to close by the end of 2026, aimed at enhancing client service continuity and creating new opportunities for employees.
- Business Impact: This business has long provided critical services such as foreign exchange and loan solutions to financial institutions in Japan, and the transaction will integrate it into NTT DATA's global financial IT services portfolio, thereby enhancing service delivery capabilities.
- Strategic Focus: Darren Wilson, Executive Vice President of NCR Voyix, stated that this transaction will allow the company to concentrate on its core retail and restaurant businesses while ensuring the long-term success of the Japan banking technology business.
- Market Outlook: NTT DATA, a global leader in business and technology services with over $30 billion in annual revenue and extensive experience in financial services, is expected to further drive innovation and development in the fintech sector through this acquisition.
See More
AREX Capital Management Reduces NCR Voyix Stake Significantly
- Share Reduction Details: AREX Capital Management disclosed in an SEC filing on February 17, 2026, the sale of 251,536 shares of NCR Voyix, amounting to approximately $2.73 million, which reduced its stake from 10.8% to 3.52%.
- Overall Value Decline: This sale decreased AREX's overall position in NCR Voyix to $1.24 million, reflecting a 19% decline in its assets under management (AUM), indicating a phase of downsizing for the fund.
- Stock Performance Analysis: As of February 17, 2026, NCR Voyix shares were priced at $9.26, down 24.3% year-over-year, significantly underperforming the S&P 500 by 36.57 percentage points, highlighting the company's poor market performance.
- Investor Focus: While AREX's reduction may signal caution, for long-term investors, the critical question remains whether NCR Voyix's long-term business model can sustain itself, especially as the company transitions to a software-based revenue model.
See More
AREX Capital Management Sells NCR Voyix Shares
- Share Sale Disclosure: AREX Capital Management disclosed the sale of 251,536 shares of NCR Voyix in an SEC filing dated February 17, 2026, with an estimated transaction value of $2.73 million, indicating a strategic reassessment of its holdings.
- Position Value Decline: By the end of the quarter, the value of AREX's position in NCR Voyix fell by $3.44 million, leaving them with 121,364 shares valued at $1.24 million, suggesting a weakening stance in their investment portfolio.
- Portfolio Adjustment: NCR Voyix now accounts for 3.52% of AREX's total assets under management and has dropped to the fifth-largest holding, reflecting a cautious approach by AREX in adjusting its concentrated portfolio.
- Market Performance Insight: NCR Voyix's stock has declined approximately 24% over the past year, significantly underperforming the broader market, indicating a lack of investor confidence in its transition to a software-based revenue model, prompting a careful evaluation of its long-term business prospects.
See More
