Private Management Group Inc. Boosts Stock Position in NCR Voyix Corporation (NYSE:VYX)

Key Points

• Private Management Group Inc. has increased its position in NCR Voyix Corporation by 17.6%, now owning 2,734,960 shares valued at approximately $26.67 million.
• Multiple other institutional investors have also increased or initiated positions in NCR Voyix, with institutional ownership now at 97%.
• NCR Voyix recently reported a net margin of 33.61% for the quarter, despite a year-over-year revenue decline of 13.1%, outperforming consensus EPS estimates.

Private Management Group Inc. increased its position in NCR Voyix Corporation (NYSE:VYX - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,734,960 shares of the company's stock after buying an additional 408,833 shares during the period. Private Management Group Inc. owned 1.96% of NCR Voyix worth $26,666,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in NCR Voyix during the 1st quarter valued at about $152,000. First Pacific Advisors LP boosted its stake in NCR Voyix by 6.9% during the 1st quarter. First Pacific Advisors LP now owns 3,702,391 shares of the company's stock valued at $36,098,000 after purchasing an additional 238,067 shares during the last quarter. General American Investors Co. Inc. acquired a new position in NCR Voyix during the 1st quarter valued at about $5,282,000. Graypoint LLC boosted its stake in NCR Voyix by 14.9% during the 1st quarter. Graypoint LLC now owns 24,816 shares of the company's stock valued at $242,000 after purchasing an additional 3,209 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in NCR Voyix by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 728,597 shares of the company's stock valued at $7,104,000 after purchasing an additional 16,569 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VYX has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Needham & Company LLC cut their target price on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stephens boosted 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.40.

Insiders Place Their Bets

In related news, Director Laura Sen bought 22,550 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $11.04 per share, for a total transaction of $248,952.00. Following the acquisition, the director directly owned 52,203 shares of the company's stock, valued at $576,321.12. The trade was a 76.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

NCR Voyix Price Performance

VYX stock traded down $0.37 during mid-day trading on Tuesday, hitting $14.02. 486,107 shares of the stock were exchanged, compared to its average volume of 1,858,020. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 0.96. The business has a fifty day moving average price of $12.31 and a 200 day moving average price of $11.17. NCR Voyix Corporation has a 12 month low of $7.55 and a 12 month high of $15.34. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 2.11 and a beta of 1.65.

NCR Voyix (NYSE:VYX - Get Free Report) last issued 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. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The company's revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that NCR Voyix Corporation will post -0.86 EPS for the current year.

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.