Victory Capital Management Inc. Raises Position in NCR Voyix Co. (NYSE:VYX)

Victory Capital Management Inc. lifted its stake in shares of NCR Voyix Co. (NYSE:VYX) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,071,816 shares of the company’s stock after acquiring an additional 31,436 shares during the quarter. Victory Capital Management Inc. owned 2.80% of NCR Voyix worth $55,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. grew its stake in NCR Voyix by 72.0% during the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock worth $25,000 after purchasing an additional 840 shares in the last quarter. Mather Group LLC. acquired a new stake in NCR Voyix in the second quarter valued at approximately $41,000. Bessemer Group Inc. purchased a new position in NCR Voyix in the first quarter worth approximately $43,000. Nisa Investment Advisors LLC grew its holdings in NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock worth $62,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of NCR Voyix in the 2nd quarter valued at approximately $69,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider James G. Kelly purchased 14,800 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $13.41 per share, with a total value of $198,468.00. Following the completion of the acquisition, the insider now directly owns 46,900 shares in the company, valued at $628,929. This represents a 46.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NCR Voyix Trading Down 2.0 %

NYSE:VYX opened at $14.31 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 3.31 and a beta of 1.64. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $17.39. The stock’s 50 day moving average price is $13.34 and its 200 day moving average price is $13.19. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

NCR Voyix (NYSE:VYX) last announced its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter last year, the business posted $0.77 earnings per share. The business’s revenue was down 12.1% on a year-over-year basis. On average, research analysts anticipate that NCR Voyix Co. will post -1.69 EPS for the current year.

NCR Voyix Company Profile

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.