Clearline Capital LP Raises Stock Position in NCR Voyix Co. (NYSE:VYX)

Clearline Capital LP increased its stake in shares of NCR Voyix Co. (NYSE:VYX) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,394,254 shares of the company’s stock after acquiring an additional 94,375 shares during the quarter. NCR Voyix comprises approximately 0.8% of Clearline Capital LP’s portfolio, making the stock its 19th largest holding. Clearline Capital LP owned about 0.96% of NCR Voyix worth $18,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of NCR Voyix by 72.0% during the second 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. Truvestments Capital LLC acquired a new stake in shares of NCR Voyix in the third quarter valued at approximately $25,000. Mather Group LLC. purchased a new position in shares of NCR Voyix during the second quarter worth approximately $41,000. Nisa Investment Advisors LLC increased its holdings in shares of NCR Voyix by 61.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after acquiring an additional 1,903 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new stake in NCR Voyix in the 2nd quarter valued at $69,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on VYX. The Goldman Sachs Group began coverage on shares of NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price for the company. Royal Bank of Canada lowered their target price 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. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. Finally, DA Davidson lowered their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.43.

NCR Voyix Trading Up 0.1 %

NYSE:VYX opened at $14.51 on Monday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 3.36 and a beta of 1.64. NCR Voyix Co. has a 1 year low of $10.87 and a 1 year high of $17.39. The stock has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $13.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20.

NCR Voyix (NYSE:VYX) last released its quarterly 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 was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, sell-side analysts anticipate that NCR Voyix Co. will post -1.86 earnings per share 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.