NCR Voyix Co. (NYSE:VYX) Shares Purchased by Truist Financial Corp

Truist Financial Corp raised its holdings in NCR Voyix Co. (NYSE:VYX) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679,584 shares of the company’s stock after purchasing an additional 9,100 shares during the quarter. Truist Financial Corp owned 0.47% of NCR Voyix worth $8,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of NCR Voyix in the first quarter valued at approximately $216,302,000. Engaged Capital LLC boosted its position 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 worth $77,632,000 after purchasing an additional 450,000 shares in the last quarter. Shapiro Capital Management LLC acquired a new position in shares of NCR Voyix during the 2nd quarter worth $75,914,000. First Pacific Advisors LP increased its holdings in shares of NCR Voyix by 31.3% in the 2nd quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after purchasing an additional 824,008 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NCR Voyix in the first quarter valued at about $39,433,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a report on Wednesday, August 7th. DA Davidson reduced their price objective on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, 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 on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, NCR Voyix currently has an average rating of “Moderate Buy” and a consensus target price of $16.43.

Insider Buying and Selling

In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of NCR Voyix stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost 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 in the company, valued at approximately $628,929. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Eric Schoch bought 21,692 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the transaction, the executive vice president now directly owns 101,671 shares of the company’s stock, valued at approximately $1,239,369.49. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James G. Kelly bought 14,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price 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 in the company, valued at approximately $628,929. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 46,492 shares of company stock valued at $577,993. 0.61% of the stock is currently owned by corporate insiders.

NCR Voyix Trading Down 0.5 %

Shares of VYX stock opened at $13.70 on Friday. The firm’s 50-day simple moving average is $13.09 and its 200-day simple moving average is $12.99. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.85 and a quick ratio of 0.67. NCR Voyix Co. has a 1-year low of $10.87 and a 1-year high of $18.04. The firm has a market cap of $1.99 billion, a P/E ratio of -4.08 and a beta of 1.63.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results 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). The firm had revenue of $876.00 million for the quarter, compared to analysts’ expectations of $886.60 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. NCR Voyix’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. As a group, equities analysts forecast that NCR Voyix Co. will post -1.44 EPS for the current year.

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.