XTX Topco Ltd Raises Holdings in NCR Voyix Corporation (NYSE:VYX)

Key Points

• XTX Topco Ltd increased its stake in NCR Voyix Corporation by 96.2%, owning approximately 74,554 shares worth $727,000 at the end of the last reporting period.
• NCR Voyix reported a quarterly earnings per share (EPS) of $0.09, surpassing expectations and generating revenue of $617 million, despite a year-over-year revenue drop of 13.1%.
• Analysts have upgraded their price targets for NCR Voyix, with a consensus rating of "Moderate Buy" and an average target price of $14.40, reflecting varying outlooks from different firms.

XTX Topco Ltd boosted its holdings in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 96.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,554 shares of the company's stock after purchasing an additional 36,547 shares during the quarter. XTX Topco Ltd owned approximately 0.05% of NCR Voyix worth $727,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management boosted its position in NCR Voyix by 20.7% during the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after purchasing an additional 1,360 shares in the last quarter. Cetera Investment Advisers purchased a new position in NCR Voyix during the first quarter worth approximately $152,000. Mariner LLC boosted its position in NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after purchasing an additional 872 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in NCR Voyix during the first quarter worth approximately $198,000. Finally, Focus Partners Wealth purchased a new position in NCR Voyix during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Stock Performance

NYSE VYX opened at $13.21 on Tuesday. The company has a market cap of $1.82 billion, a PE ratio of 1.99 and a beta of 1.67. The stock's 50 day simple moving average is $12.58 and its 200-day simple moving average is $11.18. NCR Voyix Corporation has a 1-year low of $7.55 and a 1-year high of $15.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 0.96.

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

Analysts Set New Price Targets

VYX has been the topic of a number of recent analyst reports. Stephens increased their price target on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Needham & Company LLC lowered their price target on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised 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. One 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 a consensus rating of "Moderate Buy" and an average target price of $14.40.

Insider Buying and Selling at NCR Voyix

In other news, Director Laura Sen purchased 22,550 shares of the stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $11.04 per share, with a total value of $248,952.00. Following the transaction, the director owned 52,203 shares in the company, 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 this hyperlink. Insiders own 0.29% 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.

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