Mackenzie Financial Corp Grows Position in NCR Voyix Co. (NYSE:VYX)

Mackenzie Financial Corp grew its position in NCR Voyix Co. (NYSE:VYX - Free Report) by 165.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,550 shares of the company's stock after buying an additional 128,660 shares during the period. Mackenzie Financial Corp owned 0.14% of NCR Voyix worth $2,551,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in NCR Voyix by 188.0% in the second quarter. The Manufacturers Life Insurance Company now owns 82,602 shares of the company's stock worth $1,020,000 after acquiring an additional 53,920 shares during the period. MBB Public Markets I LLC acquired a new position in shares of NCR Voyix in the 2nd quarter valued at $134,000. Dark Forest Capital Management LP purchased a new position in shares of NCR Voyix during the 2nd quarter worth $413,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of NCR Voyix during the 2nd quarter worth about $1,326,000. Finally, Engaged Capital LLC increased its position in shares of NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company's stock worth $77,632,000 after purchasing an additional 450,000 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

Wall Street Analysts Forecast Growth

VYX has been the subject of several research analyst reports. DA Davidson lowered their target price on shares of NCR Voyix from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Stifel Nicolaus started coverage on shares of NCR Voyix in a research report on Wednesday, June 12th. They set a "buy" rating and a $16.00 price objective for the company. Royal Bank of Canada cut their target price on NCR Voyix from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of NCR Voyix in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NCR Voyix currently has an average rating of "Moderate Buy" and a consensus target price of $16.43.

Insider Transactions at NCR Voyix

In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the purchase, the chief financial officer now directly owns 142,288 shares of the company's stock, valued at $1,637,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NCR Voyix news, CFO Brian J. Webb-Walsh bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $11.51 per share, with a total value of $115,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 142,288 shares of the company's stock, valued at approximately $1,637,734.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James G. Kelly purchased 14,800 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the purchase, the insider now owns 46,900 shares of the company's stock, valued at $628,929. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 46,492 shares of company stock valued at $577,993. 0.61% of the stock is currently owned by corporate insiders.

NCR Voyix Stock Up 0.4 %

VYX stock traded up $0.06 during midday trading on Thursday, hitting $13.77. The company's stock had a trading volume of 1,033,998 shares, compared to its average volume of 2,247,753. The firm has a 50-day simple moving average of $13.12 and a 200-day simple moving average of $12.97. The firm has a market capitalization of $2.00 billion, a P/E ratio of -4.08 and a beta of 1.63. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 102.52. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $18.04.

NCR Voyix (NYSE:VYX - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The company had revenue of $876.00 million during the quarter, compared to analysts' expectations of $886.60 million. During the same quarter last year, the business posted $0.73 earnings per share. The company's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts forecast that NCR Voyix Co. will post -1.44 EPS for the current 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.