Private Management Group Inc. Acquires 9,255 Shares of NCR Voyix Co. (NYSE:VYX)

Private Management Group Inc. lifted its holdings in NCR Voyix Co. (NYSE:VYX) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,326,127 shares of the company’s stock after purchasing an additional 9,255 shares during the quarter. NCR Voyix accounts for approximately 1.2% of Private Management Group Inc.’s investment portfolio, making the stock its 20th biggest holding. Private Management Group Inc. owned 1.59% of NCR Voyix worth $32,194,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Engaged Capital LLC grew its stake in shares of NCR Voyix by 14.1% in the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after buying an additional 885,000 shares in the last quarter. Philosophy Capital Management LLC lifted its stake in NCR Voyix by 28.6% in the third quarter. Philosophy Capital Management LLC now owns 3,094,733 shares of the company’s stock valued at $41,996,000 after acquiring an additional 688,684 shares during the last quarter. FMR LLC grew its position in shares of NCR Voyix by 9.1% in the 3rd quarter. FMR LLC now owns 7,157,231 shares of the company’s stock valued at $97,124,000 after acquiring an additional 596,254 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of NCR Voyix by 92.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 985,854 shares of the company’s stock worth $13,378,000 after purchasing an additional 472,904 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of NCR Voyix by 149.5% in the 3rd quarter. Barclays PLC now owns 668,816 shares of the company’s stock valued at $9,075,000 after purchasing an additional 400,734 shares during the period. Institutional investors and hedge funds own 97.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VYX. The Goldman Sachs Group began coverage on NCR Voyix in a research report on Monday, October 14th. They set a “neutral” rating and a $14.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NCR Voyix currently has a consensus rating of “Moderate Buy” and an average price target of $16.43.

NCR Voyix Trading Up 6.3 %

Shares of VYX stock opened at $12.93 on Thursday. The company has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $13.48. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $15.98. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 2.99 and a beta of 1.62. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). The business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Research analysts anticipate that NCR Voyix Co. will post -0.66 EPS for the current fiscal year.

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.