Aristeia Capital L.L.C. Purchases New Position in NCR Voyix Co. (NYSE:VYX)

Aristeia Capital L.L.C. purchased a new position in NCR Voyix Co. (NYSE:VYX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,286 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of NCR Voyix during the 1st quarter worth approximately $216,302,000. Shapiro Capital Management LLC acquired a new position in NCR Voyix during the second quarter worth $75,914,000. First Pacific Advisors LP lifted its holdings in NCR Voyix by 31.3% during the second quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after purchasing an additional 824,008 shares in the last quarter. LSV Asset Management acquired a new stake in shares of NCR Voyix in the first quarter valued at about $39,433,000. Finally, Senator Investment Group LP purchased a new stake in shares of NCR Voyix during the first quarter worth about $37,890,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Insider Transactions at NCR Voyix

In other NCR Voyix news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the acquisition, the chief financial officer now owns 142,288 shares of the company’s stock, valued at approximately $1,637,734.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Brian J. Webb-Walsh acquired 10,000 shares of NCR Voyix stock in a transaction that occurred on Thursday, August 8th. The shares were purchased 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 owns 142,288 shares in the company, valued at $1,637,734.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James G. Kelly bought 14,800 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the transaction, the insider now directly owns 46,900 shares of the company’s stock, valued at $628,929. The disclosure for this purchase can be found here. Insiders bought 46,492 shares of company stock worth $577,993 in the last 90 days. Insiders own 0.61% of the company’s stock.

NCR Voyix Price Performance

Shares of NYSE:VYX opened at $13.65 on Wednesday. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $18.04. The business has a fifty day moving average of $13.28 and a two-hundred day moving average of $12.94. The company has a debt-to-equity ratio of 102.52, a quick ratio of 0.67 and a current ratio of 0.85.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that NCR Voyix Co. will post -1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VYX has been the topic of a number of research reports. Stifel Nicolaus started coverage on shares of NCR Voyix in a research note on Wednesday, June 12th. They issued a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their target price on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson reduced their target price 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.