Seven Eight Capital LP Takes $517,000 Position in NCR Voyix Co. (NYSE:VYX)

Seven Eight Capital LP purchased a new position in shares of NCR Voyix Co. (NYSE:VYX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,900 shares of the company’s stock, valued at approximately $517,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL purchased a new stake in shares of NCR Voyix during the second quarter worth $201,000. Oppenheimer Asset Management Inc. acquired a new position in NCR Voyix during the second quarter worth about $137,000. Qsemble Capital Management LP purchased a new stake in NCR Voyix during the 2nd quarter valued at about $162,000. Private Management Group Inc. raised its holdings in NCR Voyix by 2,410.5% in the 2nd quarter. Private Management Group Inc. now owns 1,681,810 shares of the company’s stock valued at $20,770,000 after acquiring an additional 1,614,820 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in NCR Voyix in the 2nd quarter worth approximately $536,000. 97.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NCR Voyix

In other news, insider James G. Kelly purchased 14,800 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider James G. Kelly acquired 14,800 shares of the business’s stock in a transaction that occurred on 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 acquisition, the insider now owns 46,900 shares of the company’s stock, valued at $628,929. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased 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 in the company, valued at approximately $1,637,734.88. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 46,492 shares of company stock worth $577,993. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

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

NCR Voyix Stock Down 0.7 %

Shares of NYSE:VYX opened at $13.73 on Monday. The company 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 12-month low of $10.87 and a 12-month high of $18.04. The business has a 50-day moving average price of $13.32 and a 200 day moving average price of $12.92. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 102.52.

NCR Voyix (NYSE:VYX) last announced its quarterly 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). 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 for the quarter, compared to analyst estimates of $886.60 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. NCR Voyix’s revenue was down 7.4% on a year-over-year basis. Sell-side analysts expect that NCR Voyix Co. will post -1.44 EPS for the current year.

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.