Ancora Advisors LLC Makes New $4 Million Investment in NCR Voyix Co. (NYSE:VYX)

Ancora Advisors LLC bought a new position in NCR Voyix Co. (NYSE:VYX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 316,816 shares of the company’s stock, valued at approximately $4,001,000. Ancora Advisors LLC owned about 0.22% of NCR Voyix at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in NCR Voyix during the 1st quarter valued at approximately $43,000. Fifth Third Bancorp acquired a new position in NCR Voyix in the 1st quarter valued at approximately $43,000. SYSTM Wealth Solutions LLC acquired a new position in NCR Voyix in the 1st quarter valued at approximately $46,000. Hanson & Doremus Investment Management acquired a new position in NCR Voyix in the first quarter worth $84,000. Finally, American International Group Inc. bought a new stake in shares of NCR Voyix during the first quarter worth $92,000. 97.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of NCR Voyix in a research note on Friday, April 5th. Stephens reiterated an “overweight” rating and set a $16.00 price objective on shares of NCR Voyix in a report on Monday, May 13th. Stifel Nicolaus started coverage on NCR Voyix in a research note on Wednesday, June 12th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average target price of $18.00.

NCR Voyix Price Performance

Shares of VYX traded up $0.05 during midday trading on Wednesday, hitting $14.84. The company’s stock had a trading volume of 642,957 shares, compared to its average volume of 2,366,735. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -4.40 and a beta of 1.64. NCR Voyix Co. has a one year low of $10.99 and a one year high of $19.01. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 102.52. The company’s fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $13.42.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $862.00 million for the quarter, compared to the consensus estimate of $856.00 million. NCR Voyix had a positive return on equity of 27.60% and a negative net margin of 7.88%. As a group, equities analysts expect that NCR Voyix Co. will post -0.33 earnings per share for the current fiscal year.

NCR Voyix 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.