Arizona State Retirement System Buys 1,509 Shares of NCR Voyix Co. (NYSE:VYX)

Arizona State Retirement System grew its stake in NCR Voyix Co. (NYSE:VYX) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,374 shares of the company’s stock after purchasing an additional 1,509 shares during the quarter. Arizona State Retirement System’s holdings in NCR Voyix were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System bought a new position in NCR Voyix during the 1st quarter valued at $2,196,000. SYSTM Wealth Solutions LLC bought a new position in shares of NCR Voyix during the first quarter valued at about $46,000. Yousif Capital Management LLC purchased a new position in NCR Voyix during the first quarter worth about $761,000. Crescent Grove Advisors LLC purchased a new position in NCR Voyix during the first quarter worth about $37,539,000. Finally, Principal Financial Group Inc. bought a new stake in NCR Voyix in the 1st quarter worth about $8,739,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Insider Buying and Selling at NCR Voyix

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

NCR Voyix Stock Up 1.5 %

VYX stock opened at $13.35 on Tuesday. The stock has a fifty day moving average of $13.36 and a 200-day moving average of $12.87. 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 market capitalization of $1.94 billion, a price-to-earnings ratio of -3.97 and a beta of 1.63. 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 issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The business had revenue of $876.00 million for the quarter, compared to the consensus estimate of $886.60 million. NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. NCR Voyix’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. As a group, equities research analysts predict that NCR Voyix Co. will post -1.44 earnings per share for the current year.

Analysts Set New Price Targets

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

NCR Voyix Company 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.