Hodges Capital Management Inc. Purchases New Shares in NCR Voyix Co. (NYSE:VYX)

Hodges Capital Management Inc. bought a new position in NCR Voyix Co. (NYSE:VYX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 231,900 shares of the company’s stock, valued at approximately $2,864,000.

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

Insider Buying and Selling

In other news, insider James G. Kelly bought 14,800 shares of the business’s stock in a transaction 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 purchase, the insider now owns 46,900 shares of the company’s stock, valued at approximately $628,929. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of the business’s 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 transaction, the insider now directly owns 46,900 shares of the company’s stock, valued at approximately $628,929. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric Schoch purchased 21,692 shares of NCR Voyix stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost 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. The disclosure for this purchase can be found here. Over the last three months, insiders bought 46,492 shares of company stock worth $577,993. 0.61% of the stock is owned by corporate insiders.

NCR Voyix Stock Down 2.3 %

Shares of VYX stock opened at $12.81 on Thursday. NCR Voyix Co. has a 12-month low of $10.87 and a 12-month high of $18.67. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 102.52. The firm has a fifty day moving average of $13.40 and a 200-day moving average of $13.00. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last released its 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). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm had revenue of $876.00 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter last year, the company posted $0.73 EPS. NCR Voyix’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts predict that NCR Voyix Co. will post -0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VYX. DA Davidson cut their price target on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price 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 issued a “buy” rating and a $16.00 price target for the company. Royal Bank of Canada lowered their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Stephens reiterated an “overweight” rating and set a $16.00 target price on shares of NCR Voyix in a report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.