NCR Voyix (NYSE:VYX) Shares Down 9.8% - Should You Sell?

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.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on VYX shares. Stephens boosted their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Needham & Company LLC reduced their price target on shares of 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 boosted their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.40.

NCR Voyix Price Performance

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 firm has a market cap of $1.72 billion, a P/E ratio of 1.88 and a beta of 1.67. The stock's 50-day simple moving average is $12.67 and its two-hundred day simple moving average is $11.20.

NCR Voyix (NYSE:VYX - Get Free Report) last released 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 business had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The company's quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Insider Activity at NCR Voyix

In related news, Director Laura Sen acquired 22,550 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $11.04 per share, with a total value of $248,952.00. Following the transaction, the director directly owned 52,203 shares of the company's stock, valued at $576,321.12. This trade represents a 76.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Hedge Funds Weigh In On NCR Voyix

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in shares of NCR Voyix by 2,835.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,522 shares of the company's stock worth $41,000 after purchasing an additional 3,402 shares during the period. GAMMA Investing LLC grew its stake in shares of NCR Voyix by 299.9% during the 2nd quarter. GAMMA Investing LLC now owns 5,774 shares of the company's stock worth $68,000 after purchasing an additional 4,330 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of NCR Voyix by 375.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock worth $65,000 after purchasing an additional 5,252 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of NCR Voyix by 225.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,159 shares of the company's stock worth $84,000 after purchasing an additional 4,957 shares during the period. Finally, Spire Wealth Management grew 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 purchasing an additional 1,360 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

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.

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