NCR Corp Stock Price: What Most People Get Wrong After the Split

NCR Corp Stock Price: What Most People Get Wrong After the Split

Wait. If you’re looking for the NCR Corp stock price and you’re seeing two different names on your screen, don’t panic. You haven't lost your money, and your broker hasn't glitched. Basically, the old NCR Corporation—the legendary company that basically invented the modern cash register—doesn't exist as a single entity anymore.

In late 2023, the company pulled a massive "it's not you, it's me" and split into two separate, publicly traded companies. Now, you’ve got NCR Voyix (VYX) and NCR Atleos (NATL).

If you’re still typing "NCR stock" into Google, you’re likely seeing the price for NCR Voyix, which kept the legal lineage of the original company. As of mid-January 2026, NCR Voyix is trading around $10.67, while its sibling, NCR Atleos, is sitting much higher, near $39.93.

It's a weird situation. One company handles the software and "digital commerce" (think restaurants and retail stores), while the other kept the "heavy metal"—the ATMs and the physical banking hardware.

Why the NCR Corp Stock Price Isn't One Number Anymore

Most people get tripped up here. They remember NCR as a massive, unified blue-chip-adjacent tech giant. But the board decided that the market was "undervaluing" them because the business was too messy. One half was a slow-growing ATM business that printed cash but didn't excite Silicon Valley. The other half was a software-as-a-service (SaaS) play that wanted to compete with the likes of Toast or Block.

So, they split.

  1. NCR Voyix (VYX): This is the retail and hospitality side. They do the point-of-sale systems you see at Starbucks or your local boutique.
  2. NCR Atleos (NATL): This is the ATM company. If you use a standalone ATM in a pharmacy or a bank lobby, there’s a good chance Atleos manages it.

The market cap of Voyix is currently around $1.48 billion, while Atleos has actually overtaken it in total valuation, hovering near $2.95 billion. It turns out, investors actually really like the predictable cash flow of ATMs more than the "growth potential" of the retail software side lately.

👉 See also: Kuwait Dinar to American Dollar: Why 1 KWD Still Buys You Over $3 (Simply Explained)

Understanding the VYX Performance in 2026

Honestly, Voyix has had a bit of a rough ride lately. Over the last year, the stock is down about 18%. While the S&P 500 has been busy hitting new highs, Voyix has been stuck in the mud. Why?

Part of it is the "hardware transition." In early January 2026, the company announced they were shifting their manufacturing model for self-checkout and point-of-sale hardware to a partner called Ennoconn. Investors usually get nervous when a company changes how it builds its primary products. It feels like a lot of moving parts.

However, Stifel analysts recently reiterated a Buy rating with a price target of $15.00. That’s a massive upside from the current $10.67. They’re betting that once the hardware "noise" clears, the software revenue will finally shine.

NCR Atleos: The Surprising Winner?

While Voyix struggles to find its footing, NCR Atleos (NATL) has been quietly crushing it. On January 9, 2026, it hit an all-time high of $40.72.

📖 Related: Automating Bookkeeping with PEX: What Most People Get Wrong

Think about that. The "boring" ATM business is the one people are flocking to.

Banking is changing, sure, but the world still needs cash. Atleos has been leaning heavily into "ATM as a Service." Instead of a bank owning and fixing its own machines, they just pay Atleos a subscription to handle everything. It’s a brilliant move because it turns a one-time hardware sale into recurring revenue. Wall Street loves recurring revenue.

What This Means for Your Portfolio

If you held the old NCR Corp stock before October 2023, you now own shares in both. You can't really look at the NCR Corp stock price as a single metric to judge your success. You have to look at the "sum of the parts."

Metric (Approx. Jan 2026) NCR Voyix (VYX) NCR Atleos (NATL)
Current Price $10.67 $39.93
52-Week High $14.67 $42.23
52-Week Low $7.55 $22.30
Primary Business Retail/Restaurant Software ATM Networks/Hardware

The divergence is wild. NATL is trading near its highs; VYX is struggling to move away from its lows.

Common Misconceptions

  • "The stock crashed!" No, the price just split between two tickers. If you see a chart showing a 70% drop in late 2023, that's just the split event.
  • "NCR is going out of business." Far from it. They’re actually trying to be more agile. Voyix is launching AI-powered commerce suites as recently as last week to stay relevant against newer fintech startups.

Is It a Good Buy Right Now?

Look, I'm an expert writer, not your financial advisor. But the data shows a clear story of two different paths.

NCR Voyix is a "value play." It’s trading at roughly 10x its estimated 2026 earnings. That is cheap. If they successfully pivot to a software-first model and get the Ennoconn manufacturing transition right, $10.67 might look like a steal in two years.

👉 See also: Riyal to Peso Philippines: What Most People Get Wrong About Exchange Rates

NCR Atleos is a "momentum play." It’s performing well, beating earnings estimates consistently (they beat 4 out of 4 quarters in 2025), and showing strong technical ratings. But it's also at the top of its range. There’s less "room to run" unless they announce another major banking partnership.

Actionable Steps for Investors

  1. Check your brokerage statement: If you see "VYX" and "NATL," you're looking at the offspring of the original NCR Corp.
  2. Separate the news: Don't sell VYX because you heard "ATMs are dying." VYX doesn't do ATMs anymore. Similarly, don't buy NATL because you like the new self-checkout kiosks at the grocery store.
  3. Watch the February Earnings: Both companies are expected to report full-year 2025 results in February 2026. This will be the first "clean" look at how they are performing as mature, independent companies.
  4. Set Price Alerts: For VYX, keep an eye on the $11.30 resistance level. If it breaks that, it might finally start that climb toward the analyst target of $15. For NATL, watch the **$38.50** support level to ensure this recent rally has legs.

The days of checking a single NCR Corp stock price are over. You’re now tracking a software company and a global ATM network. Treat them that way.