Entropy Technologies LP Takes Position in NCR Voyix Co. (NYSE:VYX)

Entropy Technologies LP acquired a new position in NCR Voyix Co. (NYSE:VYX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,346 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank purchased a new stake in shares of NCR Voyix in the 1st quarter worth approximately $3,331,000. Sei Investments Co. bought a new stake in NCR Voyix during the 1st quarter valued at $3,466,000. Russell Investments Group Ltd. purchased a new position in shares of NCR Voyix in the 1st quarter valued at $3,176,000. State Board of Administration of Florida Retirement System bought a new position in shares of NCR Voyix in the 1st quarter worth $1,706,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of NCR Voyix during the 1st quarter worth $467,000. 97.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price for the company. DA Davidson lowered 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 note on Friday, August 9th. Royal Bank of Canada reduced their price target on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.43.

NCR Voyix Trading Down 2.4 %

NYSE:VYX opened at $13.96 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of 3.23 and a beta of 1.64. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $17.39. The firm has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $13.21.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.23). NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that NCR Voyix Co. will post -1.69 earnings per share for the current year.

Insiders Place Their Bets

In other NCR Voyix news, insider James G. Kelly acquired 14,800 shares of the business’s stock in a transaction dated 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 purchase, the insider now directly owns 46,900 shares of the company’s stock, valued at $628,929. The trade was a 46.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

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.