107,398 Shares in NCR Voyix Co. (NYSE:VYX) Acquired by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C bought a new stake in NCR Voyix Co. (NYSE:VYX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 107,398 shares of the company’s stock, valued at approximately $1,326,000. Deerfield Management Company L.P. Series C owned about 0.07% of NCR Voyix as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in NCR Voyix by 72.0% in the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock worth $25,000 after purchasing an additional 840 shares during the last quarter. Mather Group LLC. acquired a new position in NCR Voyix in the 2nd quarter valued at $41,000. Bessemer Group Inc. bought a new position in NCR Voyix in the 1st quarter worth $43,000. SYSTM Wealth Solutions LLC acquired a new position in NCR Voyix during the 1st quarter worth $46,000. Finally, Nisa Investment Advisors LLC boosted its holdings in NCR Voyix by 61.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after acquiring an additional 1,903 shares during the period. 97.00% of the stock is owned by institutional investors.

Insider Activity at NCR Voyix

In related news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the acquisition, the chief financial officer now owns 142,288 shares in the company, valued at $1,637,734.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NCR Voyix news, EVP Eric Schoch purchased 21,692 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $12.19 per share, for a total transaction of $264,425.48. Following the transaction, the executive vice president now directly owns 101,671 shares in the company, valued at $1,239,369.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian J. Webb-Walsh purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost 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 in the company, valued at $1,637,734.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,492 shares of company stock valued at $577,993 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

NCR Voyix Trading Down 5.1 %

Shares of VYX stock opened at $12.95 on Thursday. The firm has a fifty day moving average of $13.24 and a 200-day moving average of $12.94. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -3.85 and a beta of 1.63. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $18.04. The company has a debt-to-equity ratio of 102.52, a quick ratio of 0.67 and a current ratio of 0.85.

NCR Voyix (NYSE:VYX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share 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 for the quarter, compared to analyst estimates of $886.60 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that NCR Voyix Co. will post -1.44 earnings per share for the current fiscal year.

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.