Engaged Capital LLC Acquires 885,000 Shares of NCR Voyix Co. (NYSE:VYX)

Engaged Capital LLC raised its position in shares of NCR Voyix Co. (NYSE:VYX) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,171,029 shares of the company’s stock after acquiring an additional 885,000 shares during the period. NCR Voyix makes up 15.8% of Engaged Capital LLC’s portfolio, making the stock its 3rd biggest holding. Engaged Capital LLC’s holdings in NCR Voyix were worth $97,311,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of NCR Voyix during the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in NCR Voyix by 72.0% in the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after buying an additional 840 shares during the period. Mather Group LLC. acquired a new position in shares of NCR Voyix in the 2nd quarter valued at $41,000. Nisa Investment Advisors LLC lifted its holdings in shares of NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock worth $62,000 after acquiring an additional 1,903 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of NCR Voyix during the 2nd quarter valued at about $69,000. 97.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. DA Davidson decreased their price target on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. Finally, Royal Bank of Canada lowered 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NCR Voyix has an average rating of “Moderate Buy” and a consensus price target of $16.43.

NCR Voyix Price Performance

Shares of VYX stock opened at $14.49 on Friday. The stock has a 50-day moving average price of $13.60 and a 200 day moving average price of $13.32. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 3.35 and a beta of 1.64. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $17.39.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $692.58 million. During the same quarter last year, the business posted $0.77 EPS. NCR Voyix’s quarterly revenue was down 12.1% on a year-over-year basis. Research analysts expect that NCR Voyix Co. will post -1.86 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.