Engaged Capital LLC Purchases 885,000 Shares of NCR Voyix Co. (NYSE:VYX)

Engaged Capital LLC boosted its stake in shares of NCR Voyix Co. (NYSE:VYX) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,171,029 shares of the company’s stock after purchasing an additional 885,000 shares during the quarter. NCR Voyix makes up 15.8% of Engaged Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Engaged Capital LLC owned approximately 4.91% of NCR Voyix worth $97,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VYX. 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 buying an additional 840 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in NCR Voyix by 1.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 70,300 shares of the company’s stock valued at $954,000 after purchasing an additional 1,000 shares in the last quarter. Arizona State Retirement System increased its stake in NCR Voyix by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 38,374 shares of the company’s stock valued at $474,000 after purchasing an additional 1,509 shares in the last quarter. Inspire Investing LLC increased its stake in NCR Voyix by 5.6% in the 3rd quarter. Inspire Investing LLC now owns 30,205 shares of the company’s stock valued at $410,000 after purchasing an additional 1,606 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in NCR Voyix during the third quarter worth $25,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Up 1.0 %

NYSE:VYX opened at $14.49 on Friday. The firm has a market capitalization of $2.12 billion, a PE ratio of 3.35 and a beta of 1.64. The stock has a 50 day moving average of $13.60 and a 200-day moving average of $13.32. NCR Voyix Co. has a 52 week low of $10.87 and a 52 week high of $17.39. 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 (NYSE:VYX) last released its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Analysts predict that NCR Voyix Co. will post -1.86 EPS for the current year.

Analyst Upgrades and Downgrades

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

NCR Voyix 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.