New World Advisors LLC Buys 20,700 Shares of NCR Voyix Corporation (NYSE:VYX)

New World Advisors LLC increased its stake in NCR Voyix Corporation (NYSE:VYX) by 88.2% in the first quarter, HoldingsChannel reports. The fund owned 44,175 shares of the company’s stock after purchasing an additional 20,700 shares during the period. New World Advisors LLC’s holdings in NCR Voyix were worth $431,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Shapiro Capital Management LLC increased its stake in NCR Voyix by 10.1% in the 4th quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock worth $144,084,000 after purchasing an additional 956,177 shares during the period. Greenhouse Funds LLLP grew its holdings in shares of NCR Voyix by 10.4% in the fourth quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock worth $115,327,000 after purchasing an additional 787,032 shares during the last quarter. Boston Partners increased its stake in shares of NCR Voyix by 966.8% in the fourth quarter. Boston Partners now owns 732,480 shares of the company’s stock worth $10,131,000 after buying an additional 663,821 shares during the period. Victory Capital Management Inc. increased its stake in shares of NCR Voyix by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock worth $64,953,000 after buying an additional 621,303 shares during the period. Finally, North Reef Capital Management LP raised its holdings in NCR Voyix by 420.6% during the 4th quarter. North Reef Capital Management LP now owns 401,200 shares of the company’s stock valued at $5,553,000 after buying an additional 324,132 shares during the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

NCR Voyix Stock Down 1.4%

Shares of NYSE VYX opened at $11.61 on Thursday. The firm has a fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $11.32. NCR Voyix Corporation has a 12 month low of $7.55 and a 12 month high of $15.34. The company has a current ratio of 1.12, a quick ratio of 0.96 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $1.60 billion, a PE ratio of 1.75 and a beta of 1.65.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $608.67 million. During the same period in the prior year, the firm earned $0.13 earnings per share. NCR Voyix’s revenue was down 13.1% on a year-over-year basis. Equities analysts expect that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VYX shares. The Goldman Sachs Group raised their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Stephens raised their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Needham & Company LLC lowered their price target on NCR Voyix from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of NCR Voyix in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.40.

Insiders Place Their Bets

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 52,203 shares in the company, valued at approximately $576,321.12. This represents a 76.05% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

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.