Neo Ivy Capital Management Acquires Shares of 42,447 NCR Voyix Co. (NYSE:VYX)

Neo Ivy Capital Management acquired a new position in NCR Voyix Co. (NYSE:VYX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,447 shares of the company's stock, valued at approximately $587,000.

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

NCR Voyix Stock Performance

VYX traded up $0.36 during midday trading on Tuesday, reaching $11.18. The company's stock had a trading volume of 1,695,740 shares, compared to its average volume of 1,804,098. The stock has a market cap of $1.54 billion, a P/E ratio of 2.59 and a beta of 1.52. The company has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $11.71. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix Co. has a twelve month low of $7.55 and a twelve month high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $617.00 million for the quarter, compared to analyst estimates of $608.67 million. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The company's revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Research analysts expect that NCR Voyix Co. will post -0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VYX. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of NCR Voyix in a report on Tuesday, March 25th. Needham & Company LLC lowered their price objective on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, The Goldman Sachs Group increased their price objective on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.60.

Insider Buying and Selling at NCR Voyix

In other news, Director Laura Sen acquired 22,550 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $11.04 per share, with a total value of $248,952.00. Following the acquisition, the director now owns 52,203 shares of the company's stock, valued at $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

NCR Voyix 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.