13,800 Shares in NCR Voyix Co. (NYSE:VYX) Acquired by Algert Global LLC

Algert Global LLC acquired a new stake in shares of NCR Voyix Co. (NYSE:VYX) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 13,800 shares of the company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clearline Capital LP raised its position in NCR Voyix by 2.8% during the second quarter. Clearline Capital LP now owns 1,299,879 shares of the company’s stock valued at $16,054,000 after acquiring an additional 36,000 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in NCR Voyix by 497.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 356,974 shares of the company’s stock valued at $4,409,000 after acquiring an additional 297,206 shares in the last quarter. Luxor Capital Group LP bought a new position in NCR Voyix during the second quarter valued at approximately $993,000. Mackenzie Financial Corp raised its position in NCR Voyix by 165.2% during the second quarter. Mackenzie Financial Corp now owns 206,550 shares of the company’s stock valued at $2,551,000 after acquiring an additional 128,660 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in NCR Voyix by 188.0% during the second quarter. The Manufacturers Life Insurance Company now owns 82,602 shares of the company’s stock valued at $1,020,000 after acquiring an additional 53,920 shares in the last quarter. Institutional investors own 97.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VYX. DA Davidson cut 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. Royal Bank of Canada reduced their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.43.

NCR Voyix Price Performance

Shares of NCR Voyix stock opened at $13.14 on Friday. The firm has a fifty day simple moving average of $12.99 and a 200-day simple moving average of $12.99. 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 Co. has a 1-year low of $10.87 and a 1-year high of $18.04. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -3.91 and a beta of 1.63.

NCR Voyix (NYSE:VYX) last released its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $876.00 million for the quarter, compared to analyst estimates of $886.60 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. NCR Voyix’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. On average, sell-side analysts expect that NCR Voyix Co. will post -1.44 earnings per share for the current year.

Insider Activity at NCR Voyix

In related news, insider James G. Kelly bought 14,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the purchase, the insider now directly owns 46,900 shares in the company, valued at $628,929. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $13.41 per share, with a total value of $198,468.00. Following the acquisition, the insider now directly owns 46,900 shares of the company’s stock, valued at $628,929. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian J. Webb-Walsh purchased 10,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the acquisition, the chief financial officer now directly owns 142,288 shares in the company, valued at approximately $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 46,492 shares of company stock worth $577,993 in the last ninety days. 0.61% of the stock is currently owned by insiders.

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.