Clearline Capital LP Acquires 36,000 Shares of NCR Voyix Co. (NYSE:VYX)

Clearline Capital LP boosted its holdings in shares of NCR Voyix Co. (NYSE:VYX) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,299,879 shares of the company’s stock after purchasing an additional 36,000 shares during the quarter. NCR Voyix comprises 0.4% of Clearline Capital LP’s portfolio, making the stock its 24th biggest holding. Clearline Capital LP owned 0.90% of NCR Voyix worth $16,054,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in NCR Voyix in the 1st quarter valued at $2,196,000. SYSTM Wealth Solutions LLC bought a new stake in shares of NCR Voyix in the first quarter worth about $46,000. Yousif Capital Management LLC purchased a new stake in shares of NCR Voyix in the first quarter worth about $761,000. Crescent Grove Advisors LLC bought a new position in NCR Voyix during the first quarter valued at approximately $37,539,000. Finally, Principal Financial Group Inc. bought a new position in NCR Voyix during the first quarter valued at approximately $8,739,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NCR Voyix

In other NCR Voyix news, insider James G. Kelly bought 14,800 shares of NCR Voyix stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the purchase, the insider now directly owns 46,900 shares in the company, valued at approximately $628,929. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Eric Schoch purchased 21,692 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the acquisition, the executive vice president now owns 101,671 shares of the company’s stock, valued at $1,239,369.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James G. Kelly acquired 14,800 shares of NCR Voyix stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $13.41 per share, for a total transaction 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. The disclosure for this purchase can be found here. Insiders acquired a total of 46,492 shares of company stock worth $577,993 in the last quarter. 0.61% of the stock is owned by company insiders.

NCR Voyix Price Performance

NCR Voyix stock opened at $13.72 on Friday. The firm has a market capitalization of $1.99 billion, a PE ratio of -4.08 and a beta of 1.63. NCR Voyix Co. has a 12-month low of $10.87 and a 12-month high of $18.04. The firm has a 50-day moving average price of $13.19 and a 200-day moving average price of $12.95. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 102.52.

NCR Voyix (NYSE:VYX) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The business had revenue of $876.00 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that NCR Voyix Co. will post -1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank of Canada decreased their price objective on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Wednesday, August 7th. DA Davidson lowered their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus began coverage on shares of NCR Voyix in a report on Wednesday, June 12th. They issued a “buy” rating and a $16.00 target price on the stock. 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, NCR Voyix presently has a consensus rating of “Moderate Buy” and an average price target of $16.43.

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.