Oppenheimer Asset Management Inc. Purchases New Stake in NCR Voyix Co. (NYSE:VYX)

Oppenheimer Asset Management Inc. purchased a new stake in NCR Voyix Co. (NYSE:VYX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,113 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds have also bought and sold shares of VYX. Vanguard Group Inc. acquired a new stake in NCR Voyix in the 1st quarter valued at $216,302,000. LSV Asset Management acquired a new stake in NCR Voyix in the 1st quarter valued at $39,433,000. Senator Investment Group LP purchased a new position in NCR Voyix during the 1st quarter worth $37,890,000. Crescent Grove Advisors LLC purchased a new position in NCR Voyix during the 1st quarter worth $37,539,000. Finally, Clearbridge Investments LLC purchased a new position in NCR Voyix during the 1st quarter worth $33,477,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

Analysts Set New Price Targets

VYX has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a report on Wednesday, August 7th. Stifel Nicolaus initiated coverage on shares of NCR Voyix in a report on Wednesday, June 12th. They set a “buy” rating and a $16.00 price objective on the stock. DA Davidson cut their price objective 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. Finally, Royal Bank of Canada cut their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.43.

NCR Voyix Trading Down 0.7 %

NYSE VYX opened at $13.73 on Monday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -4.09 and a beta of 1.63. NCR Voyix Co. has a one year low of $10.87 and a one year high of $18.04. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.85 and a quick ratio of 0.67. The business’s fifty day moving average is $13.32 and its 200-day moving average is $12.92.

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 the consensus estimate of $886.60 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. Equities research analysts predict that NCR Voyix Co. will post -1.44 EPS for the current year.

Insider Activity at NCR Voyix

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

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.