Verition Fund Management LLC Takes Position in NCR Voyix Co. (NYSE:VYX)

Verition Fund Management LLC bought a new position in NCR Voyix Co. (NYSE:VYX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,529 shares of the company's stock, valued at approximately $1,174,000. Verition Fund Management LLC owned 0.06% of NCR Voyix at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VYX. Blue Trust Inc. lifted its stake in shares of NCR Voyix by 72.0% in the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company's stock valued at $25,000 after purchasing an additional 840 shares in the last quarter. Truvestments Capital LLC purchased a new stake in NCR Voyix during the 3rd quarter worth $25,000. Mather Group LLC. purchased a new position in NCR Voyix in the second quarter valued at about $41,000. Nisa Investment Advisors LLC lifted its stake in shares of NCR Voyix by 61.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company's stock worth $62,000 after purchasing an additional 1,903 shares in the last quarter. Finally, CWM LLC acquired a new stake in shares of NCR Voyix in the second quarter valued at about $80,000. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Stock Up 0.7 %

NYSE VYX traded up $0.10 during trading hours on Friday, reaching $14.14. 838,344 shares of the company traded hands, compared to its average volume of 1,362,147. The company has a 50 day moving average of $13.71 and a two-hundred day moving average of $13.37. The stock has a market capitalization of $2.06 billion, a PE ratio of 3.27 and a beta of 1.64. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $17.39. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

NCR Voyix (NYSE:VYX - Get Free Report) last posted 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). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm's revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities analysts expect that NCR Voyix Co. will post -0.66 earnings per share for the current year.

Analyst Ratings Changes

VYX has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of NCR Voyix in a report on Monday, October 14th. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, October 14th. They set a "neutral" rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.43.

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.