First Pacific Advisors LP Buys 238,067 Shares of NCR Voyix Corporation (NYSE:VYX)

First Pacific Advisors LP grew its stake in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,702,391 shares of the company's stock after purchasing an additional 238,067 shares during the quarter. First Pacific Advisors LP owned approximately 2.66% of NCR Voyix worth $36,098,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VYX. Spire Wealth Management lifted its stake in NCR Voyix by 20.7% in the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after acquiring an additional 1,360 shares during the period. Xponance Inc. acquired a new position in shares of NCR Voyix during the fourth quarter valued at about $146,000. Cibc World Markets Corp purchased a new stake in NCR Voyix in the fourth quarter valued at approximately $188,000. Mariner LLC boosted its position in NCR Voyix by 6.6% in the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after buying an additional 872 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in NCR Voyix in the first quarter valued at approximately $198,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Price Performance

Shares of VYX traded up $0.03 during trading hours on Monday, reaching $14.41. 506,246 shares of the company traded hands, compared to its average volume of 1,862,188. The company has a quick ratio of 0.96, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.98 billion, a PE ratio of 2.17 and a beta of 1.65. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. The stock has a fifty day simple moving average of $12.23 and a 200 day simple moving average of $11.16.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The business had revenue of $617.00 million for the quarter, compared to the consensus estimate of $608.67 million. During the same quarter last year, the business posted $0.13 EPS. The business's revenue was down 13.1% on a year-over-year basis. As a group, research analysts predict that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VYX. Stephens increased their target price on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. The Goldman Sachs Group raised their price objective on NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC cut their price objective on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

Insider Activity

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the completion of the transaction, the director directly owned 52,203 shares in the company, valued at approximately $576,321.12. This represents a 76.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

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.