Clearline Capital LP Grows Position in NCR Voyix Corporation $VYX

Key Points

• Clearline Capital LP increased its stake in NCR Voyix Corporation by 110.8% during the first quarter, owning approximately 2.6 million shares, making it the firm's eighth largest holding.
• NCR Voyix reported earnings of $0.19 per share for the latest quarter, surpassing analysts' expectations of $0.14, and had a revenue of $666 million.
• Several analysts have recently upgraded their ratings on NCR Voyix, with the consensus rating now at "Moderate Buy" and an average price target of $14.20.

Clearline Capital LP raised its holdings in NCR Voyix Corporation (NYSE:VYX - Free Report) by 110.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,626,778 shares of the company's stock after buying an additional 1,380,442 shares during the period. NCR Voyix comprises approximately 1.5% of Clearline Capital LP's investment portfolio, making the stock its 8th biggest holding. Clearline Capital LP owned approximately 1.91% of NCR Voyix worth $25,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Aristeia Capital L.L.C. bought a new stake in NCR Voyix in the first quarter valued at approximately $317,000. Goldman Sachs Group Inc. raised its stake in NCR Voyix by 27.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,672,423 shares of the company's stock valued at $16,306,000 after buying an additional 362,834 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NCR Voyix by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,956 shares of the company's stock valued at $848,000 after buying an additional 4,181 shares during the period. AQR Capital Management LLC raised its stake in NCR Voyix by 56.5% in the first quarter. AQR Capital Management LLC now owns 60,111 shares of the company's stock valued at $586,000 after buying an additional 21,698 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in NCR Voyix in the first quarter valued at approximately $696,000. Institutional investors own 97.00% of the company's stock.

NCR Voyix Price Performance

Shares of NYSE VYX opened at $13.29 on Monday. The firm has a market cap of $1.84 billion, a P/E ratio of 1.86 and a beta of 1.66. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. NCR Voyix Corporation has a 1-year low of $7.55 and a 1-year high of $15.34. The business's 50 day moving average is $13.27 and its 200-day moving average is $11.26.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The company had revenue of $666.00 million for the quarter, compared to analyst estimates of $648.13 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. Equities research analysts predict that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VYX. Stephens increased their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Stifel Nicolaus increased their target price on NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.20.

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.

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