Bayesian Capital Management LP Acquires New Position in NCR Voyix Co. (NYSE:VYX)

Bayesian Capital Management LP bought a new stake in shares of NCR Voyix Co. (NYSE:VYX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,060 shares of the company's stock, valued at approximately $637,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock worth $31,000 after purchasing an additional 1,423 shares during the period. KBC Group NV lifted its holdings in shares of NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock valued at $99,000 after purchasing an additional 2,540 shares in the last quarter. Xponance Inc. bought a new stake in shares of NCR Voyix in the fourth quarter worth approximately $146,000. Cibc World Markets Corp purchased a new stake in NCR Voyix during the 4th quarter valued at $188,000. Finally, Magnetar Financial LLC bought a new position in NCR Voyix in the fourth quarter valued at about $189,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VYX shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. Needham & Company LLC dropped their price target on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group raised their price objective on shares of NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and a consensus target price of $14.83.

NCR Voyix Price Performance

VYX traded up $0.43 during trading on Friday, hitting $10.59. 2,244,930 shares of the company traded hands, compared to its average volume of 1,831,209. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.48 billion, a PE ratio of 2.45 and a beta of 1.52. The stock's 50-day simple moving average is $9.20 and its two-hundred day simple moving average is $11.92. NCR Voyix Co. has a 1 year low of $7.55 and a 1 year high of $15.34.

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.