SG Americas Securities LLC Boosts Stock Position in NCR Voyix Corporation (NYSE:VYX)

SG Americas Securities LLC raised its position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 927.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,314 shares of the company's stock after purchasing an additional 86,037 shares during the period. SG Americas Securities LLC owned about 0.07% of NCR Voyix worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of NCR Voyix by 0.8% during the fourth quarter. Rhumbline Advisers now owns 455,806 shares of the company's stock valued at $6,308,000 after buying an additional 3,669 shares during the period. Principal Financial Group Inc. grew its holdings in NCR Voyix by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 712,028 shares of the company's stock worth $9,854,000 after acquiring an additional 23,552 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of NCR Voyix by 6.5% in the 4th quarter. CIBC Asset Management Inc now owns 14,239 shares of the company's stock valued at $197,000 after purchasing an additional 871 shares in the last quarter. New World Advisors LLC lifted its position in shares of NCR Voyix by 35.7% in the 4th quarter. New World Advisors LLC now owns 23,475 shares of the company's stock worth $325,000 after purchasing an additional 6,175 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of NCR Voyix in the 4th quarter worth approximately $1,043,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VYX. Stephens increased their price objective on shares of NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group increased their target price on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC cut their price target 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, Royal Bank Of Canada restated an "outperform" rating and set a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.40.

NCR Voyix Stock Down 1.8%

NYSE:VYX traded down $0.22 during midday trading on Friday, reaching $11.60. 3,720,435 shares of the stock traded hands, compared to its average volume of 1,794,421. The business has a 50-day moving average of $10.17 and a two-hundred day moving average of $11.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.96 and a current ratio of 1.12. 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 $1.60 billion, a PE ratio of 1.75 and a beta of 1.65.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business's revenue for the quarter was down 13.1% compared to the same quarter last year. On average, equities analysts forecast that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Laura Sen purchased 22,550 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

About NCR Voyix

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.