Oppenheimer Asset Management Inc. Grows Stock Holdings in NCR Voyix Co. (NYSE:VYX)

Oppenheimer Asset Management Inc. increased its stake in shares of NCR Voyix Co. (NYSE:VYX) by 27.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,173 shares of the company’s stock after purchasing an additional 3,060 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NCR Voyix were worth $192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VYX. Vanguard Group Inc. bought a new position in NCR Voyix during the 1st quarter valued at $216,302,000. Engaged Capital LLC boosted its stake in shares of NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock valued at $77,632,000 after buying an additional 450,000 shares during the period. Shapiro Capital Management LLC acquired a new position in shares of NCR Voyix during the 2nd quarter worth $75,914,000. Victory Capital Management Inc. grew its position in shares of NCR Voyix by 0.8% in the third quarter. Victory Capital Management Inc. now owns 4,071,816 shares of the company’s stock valued at $55,255,000 after purchasing an additional 31,436 shares during the last quarter. Finally, First Pacific Advisors LP grew its position in NCR Voyix by 31.3% in the 2nd quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock worth $42,680,000 after purchasing an additional 824,008 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Wall Street Analyst Weigh In

VYX has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. DA Davidson decreased their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company 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 on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research note on Monday, October 14th. One 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 an average rating of “Moderate Buy” and a consensus target price of $16.43.

NCR Voyix Trading Up 1.7 %

Shares of VYX opened at $14.20 on Thursday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 3.29 and a beta of 1.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The business’s fifty day moving average is $13.48 and its 200-day moving average is $13.25. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $17.39.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same period in the prior year, the firm earned $0.77 earnings per share. NCR Voyix’s revenue was down 12.1% compared to the same quarter last year. Equities analysts anticipate that NCR Voyix Co. will post -1.86 EPS for the current fiscal year.

Insider Activity

In other 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 bought at an average price of $13.41 per share, with a total value of $198,468.00. Following the completion of the transaction, the insider now directly owns 46,900 shares of the company’s stock, valued at approximately $628,929. The trade was a 46.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate 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.