Philosophy Capital Management LLC Has $42 Million Stock Position in NCR Voyix Co. (NYSE:VYX)

Philosophy Capital Management LLC grew its stake in NCR Voyix Co. (NYSE:VYX) by 28.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,094,733 shares of the company’s stock after acquiring an additional 688,684 shares during the quarter. NCR Voyix accounts for 3.3% of Philosophy Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Philosophy Capital Management LLC’s holdings in NCR Voyix were worth $41,996,000 as of its most recent filing with the Securities and Exchange Commission.

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

NCR Voyix Stock Performance

NYSE:VYX opened at $14.18 on Wednesday. The stock has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $13.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $17.39. The firm has a market capitalization of $2.07 billion, a PE ratio of 3.28 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last released its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $692.58 million. During the same period in the prior year, the company posted $0.77 earnings per share. The company’s revenue was down 12.1% compared to the same quarter last year. Analysts forecast that NCR Voyix Co. will post -1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research report on Monday, October 14th. Royal Bank of Canada cut their price objective on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. DA Davidson lowered 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. Finally, The Goldman Sachs Group initiated 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, NCR Voyix has a consensus 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.