Clearline Capital LP Grows Position in NCR Voyix Co. (NYSE:VYX)

Clearline Capital LP grew its stake in NCR Voyix Co. (NYSE:VYX) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,394,254 shares of the company’s stock after acquiring an additional 94,375 shares during the quarter. NCR Voyix comprises approximately 0.8% of Clearline Capital LP’s portfolio, making the stock its 19th biggest holding. Clearline Capital LP’s holdings in NCR Voyix were worth $18,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. purchased a new stake in NCR Voyix in the 3rd quarter worth approximately $2,429,000. Verition Fund Management LLC purchased a new stake in NCR Voyix in the 3rd quarter valued at about $1,174,000. Engaged Capital LLC increased its stake in shares of NCR Voyix by 14.1% during the 3rd quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after acquiring an additional 885,000 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of NCR Voyix by 1.2% in the third quarter. Public Sector Pension Investment Board now owns 308,386 shares of the company’s stock worth $4,185,000 after acquiring an additional 3,600 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in NCR Voyix by 129.1% in the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock valued at $1,140,000 after purchasing an additional 47,338 shares during the period. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Trading Up 0.1 %

NYSE:VYX opened at $14.51 on Monday. The business’s 50-day moving average is $13.63 and its two-hundred day moving average is $13.34. The firm has a market capitalization of $2.12 billion, a PE ratio of 3.36 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on VYX shares. Royal Bank of Canada decreased their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group assumed coverage on NCR Voyix in a research note on Monday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, NCR Voyix currently has a consensus rating of “Moderate Buy” and an average target price of $16.43.

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.