NCR Voyix (NYSE:VYX) Trading Down 9.8% - Here's What Happened

Key Points

• NCR Voyix Corporation shares fell by 9.8% during trading, closing at $11.97, with a substantial 79% decrease in trading volume compared to the average.
• Analysts have mixed opinions on the stock, with price targets ranging from $11.00 to $15.00, and a consensus rating of "Moderate Buy."
• Insider activity shows Director Laura Sen purchased 22,550 shares at an average price of $11.04, significantly increasing her stake in the company.

NCR Voyix Corporation (NYSE:VYX - Get Free Report) shares fell 9.8% during trading on Thursday . The stock traded as low as $12.03 and last traded at $11.97. 391,734 shares changed hands during trading, a decline of 79% from the average session volume of 1,857,024 shares. The stock had previously closed at $13.26.

Analyst Ratings Changes

Several brokerages have commented on VYX. 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 note on Friday, May 9th. Stifel Nicolaus increased their target price on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. 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 increased their target price on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. One 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $14.20.

NCR Voyix Trading Down 0.4%

The stock has a market capitalization of $1.70 billion, a PE ratio of 1.72 and a beta of 1.67. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average price of $12.75 and a 200-day moving average price of $11.18.

NCR Voyix (NYSE:VYX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. The firm had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. Sell-side analysts expect that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Insiders Place Their Bets

In other NCR Voyix news, Director Laura Sen purchased 22,550 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $11.04 per share, with a total value of $248,952.00. Following the completion of the acquisition, the director directly owned 52,203 shares in the company, valued at $576,321.12. The trade was 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. Company insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On NCR Voyix

Several large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of NCR Voyix by 2,835.0% during the second quarter. Parkside Financial Bank & Trust now owns 3,522 shares of the company's stock valued at $41,000 after buying an additional 3,402 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 4,330 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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. Nisa Investment Advisors LLC boosted its holdings in NCR Voyix by 225.1% in 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 during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of NCR Voyix by 20.7% during the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after acquiring an additional 1,360 shares in the last quarter. 97.00% of the stock is owned by institutional investors.

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.