Kamunting Street Capital Management L.P. Cuts Position in NCR Voyix Co. (NYSE:VYX)

Kamunting Street Capital Management L.P. trimmed its holdings in shares of NCR Voyix Co. (NYSE:VYX) by 48.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 41,119 shares of the company’s stock after selling 39,395 shares during the period. NCR Voyix makes up approximately 0.5% of Kamunting Street Capital Management L.P.’s holdings, making the stock its 17th largest position. Kamunting Street Capital Management L.P.’s holdings in NCR Voyix were worth $508,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank purchased a new stake in NCR Voyix during the 1st quarter valued at about $3,331,000. Empowered Funds LLC bought a new position in shares of NCR Voyix in the first quarter worth approximately $6,415,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of NCR Voyix during the first quarter valued at approximately $1,646,000. Gamco Investors INC. ET AL bought a new stake in shares of NCR Voyix during the first quarter valued at approximately $442,000. Finally, California State Teachers Retirement System purchased a new position in NCR Voyix in the 1st quarter worth approximately $1,689,000. 97.00% of the stock is owned by institutional investors.

NCR Voyix Trading Down 0.9 %

Shares of NCR Voyix stock opened at $13.60 on Tuesday. NCR Voyix Co. has a 1-year low of $10.87 and a 1-year high of $18.04. The company’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $12.93. 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 stock has a market capitalization of $1.97 billion, a PE ratio of -4.05 and a beta of 1.63.

NCR Voyix (NYSE:VYX) last released its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $886.60 million. During the same quarter last year, the firm posted $0.73 earnings per share. NCR Voyix’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that NCR Voyix Co. will post -1.44 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James G. Kelly purchased 14,800 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the transaction, the insider now directly owns 46,900 shares in the company, valued at approximately $628,929. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the purchase, the chief financial officer now directly owns 142,288 shares in the company, valued at $1,637,734.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James G. Kelly bought 14,800 shares of NCR Voyix 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 directly 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 ninety days, insiders bought 46,492 shares of company stock valued at $577,993. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a research note on Wednesday, August 7th. DA Davidson dropped their price objective on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus assumed coverage on NCR Voyix in a research report on Wednesday, June 12th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Royal Bank of Canada lowered their target price 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

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.