NCR Voyix Corporation (NYSE:VYX - Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 19,390,000 shares, anincreaseof2,266.9% from the June 30th total of 819,200 shares. Currently,14.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 10.7 days. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 10.7 days. Currently,14.6% of the shares of the stock are sold short.
Insider Buying and Selling
In related news, Director Laura Sen purchased 22,550 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the purchase, the director directly owned 52,203 shares in the company, valued at $576,321.12. This represents a 76.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On NCR Voyix
Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake in NCR Voyix by 375.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock valued at $65,000 after purchasing an additional 5,252 shares during the last quarter. GAMMA Investing LLC raised its position in NCR Voyix by 299.9% during the second quarter. GAMMA Investing LLC now owns 5,774 shares of the company's stock valued at $68,000 after purchasing an additional 4,330 shares in the last quarter. Spire Wealth Management raised 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 valued at $77,000 after purchasing an additional 1,360 shares in the last quarter. Nisa Investment Advisors LLC raised its position in NCR Voyix by 225.1% during the second quarter. Nisa Investment Advisors LLC now owns 7,159 shares of the company's stock valued at $84,000 after purchasing an additional 4,957 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in NCR Voyix during the first quarter valued at about $99,000. 97.00% of the stock is owned by institutional investors.
NCR Voyix Price Performance
Shares of VYX stock traded down $0.69 during trading hours on Friday, reaching $12.93. The company's stock had a trading volume of 1,647,569 shares, compared to its average volume of 1,858,668. The company has a quick ratio of 0.96, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. NCR Voyix has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 1.95 and a beta of 1.65. The firm's 50 day simple moving average is $12.49 and its 200-day simple moving average is $11.21.
NCR Voyix (NYSE:VYX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 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 firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $608.67 million. During the same period in the previous year, the business earned $0.13 EPS. The business's quarterly revenue was down 13.1% compared to the same quarter last year. Sell-side analysts forecast that NCR Voyix will post -0.86 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Stephens boosted their price objective on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Needham & Company LLC dropped their target price 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. Finally, 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 report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.40.
View Our Latest Analysis on VYX
NCR Voyix Company Profile
(
Get Free Report)
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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