Dark Forest Capital Management LP Takes $413,000 Position in NCR Voyix Co. (NYSE:VYX)

Dark Forest Capital Management LP bought a new position in shares of NCR Voyix Co. (NYSE:VYX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 33,479 shares of the company’s stock, valued at approximately $413,000.

Several other hedge funds have also recently bought and sold shares of VYX. Blue Trust Inc. increased its stake in 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 during the period. Mather Group LLC. acquired a new position in shares of NCR Voyix in the second quarter valued at approximately $41,000. Bessemer Group Inc. purchased a new stake in NCR Voyix during the 1st quarter worth approximately $43,000. SYSTM Wealth Solutions LLC acquired a new stake in NCR Voyix during the 1st quarter worth approximately $46,000. Finally, Nisa Investment Advisors LLC lifted its holdings in NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock worth $62,000 after buying an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Price Performance

VYX stock opened at $13.72 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -4.08 and a beta of 1.63. NCR Voyix Co. has a fifty-two week low of $10.87 and a fifty-two week high of $18.04. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 102.52. The business has a 50 day moving average price of $13.19 and a 200 day moving average price of $12.95.

NCR Voyix (NYSE:VYX) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 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 company had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period last year, the business earned $0.73 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that NCR Voyix Co. will post -1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at NCR Voyix

In other news, insider James G. Kelly bought 14,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $13.41 per share, with a total value of $198,468.00. Following the transaction, the insider now directly owns 46,900 shares in the company, valued at $628,929. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of NCR Voyix stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the transaction, the insider now directly owns 46,900 shares in the company, valued at $628,929. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Schoch acquired 21,692 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the transaction, the executive vice president now directly owns 101,671 shares in the company, valued at approximately $1,239,369.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 46,492 shares of company stock worth $577,993. Corporate insiders own 0.61% 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.