Wellington Management Group LLP Purchases 25,129 Shares of NCR Voyix Co. (NYSE:VYX)

Wellington Management Group LLP boosted its position in shares of NCR Voyix Co. (NYSE:VYX) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,361 shares of the company’s stock after purchasing an additional 25,129 shares during the period. Wellington Management Group LLP owned about 0.88% of NCR Voyix worth $16,834,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of NCR Voyix by 149.5% during the 3rd quarter. Barclays PLC now owns 668,816 shares of the company’s stock worth $9,075,000 after buying an additional 400,734 shares during the last quarter. KBC Group NV boosted its stake in shares of NCR Voyix by 55.1% during the 4th quarter. KBC Group NV now owns 7,148 shares of the company’s stock worth $99,000 after buying an additional 2,540 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of NCR Voyix by 0.4% during the 4th quarter. Private Management Group Inc. now owns 2,326,127 shares of the company’s stock worth $32,194,000 after buying an additional 9,255 shares during the last quarter. Empowered Funds LLC lifted its stake in NCR Voyix by 8.4% in the 4th quarter. Empowered Funds LLC now owns 625,284 shares of the company’s stock valued at $8,654,000 after purchasing an additional 48,598 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in NCR Voyix by 19.0% in the 4th quarter. Entropy Technologies LP now owns 30,164 shares of the company’s stock valued at $417,000 after purchasing an additional 4,818 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Stock Down 1.1%

NYSE VYX opened at $11.09 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix Co. has a 1-year low of $7.55 and a 1-year high of $15.34. The company has a 50 day moving average of $9.43 and a 200-day moving average of $11.62. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 2.57 and a beta of 1.52.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $608.67 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities research analysts expect that NCR Voyix Co. will post -0.86 earnings per share for the current fiscal year.

Insider Activity at NCR Voyix

In related news, Director Laura Sen bought 22,550 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the transaction, the director now directly owns 52,203 shares of the company’s stock, valued at approximately $576,321.12. This represents a 76.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VYX shares. The Goldman Sachs Group raised their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of NCR Voyix in a research report on Tuesday, March 25th. Finally, Needham & Company LLC cut their price objective on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.60.

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.