Victory Capital Management Inc. Increases Stake in NCR Voyix Co. (NYSE:VYX)

Victory Capital Management Inc. raised its position in NCR Voyix Co. (NYSE:VYX) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,071,816 shares of the company’s stock after acquiring an additional 31,436 shares during the period. Victory Capital Management Inc.’s holdings in NCR Voyix were worth $55,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank acquired a new stake in NCR Voyix in the first quarter valued at about $3,331,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of NCR Voyix in the first quarter valued at approximately $1,646,000. Gamco Investors INC. ET AL acquired a new position in NCR Voyix during the first quarter worth $442,000. California State Teachers Retirement System acquired a new position in NCR Voyix during the first quarter worth $1,689,000. Finally, SG Americas Securities LLC purchased a new position in NCR Voyix in the second quarter worth $842,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VYX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. DA Davidson dropped their target price on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada decreased their price target on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group started coverage on NCR Voyix in a research note on Monday, October 14th. They issued a “neutral” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.43.

Insiders Place Their Bets

In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the acquisition, the insider now owns 46,900 shares of the company’s stock, valued at approximately $628,929. The trade was a 46.11 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

NCR Voyix Trading Down 2.0 %

Shares of NCR Voyix stock opened at $14.31 on Friday. The business has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.19. The company has a market capitalization of $2.09 billion, a P/E ratio of 3.31 and a beta of 1.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. NCR Voyix Co. has a 1 year low of $10.87 and a 1 year high of $17.39.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 19.08% and a negative return on equity of 47.67%. The firm’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Sell-side analysts anticipate that NCR Voyix Co. will post -1.69 EPS for the current fiscal year.

About NCR Voyix

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.