Deutsche Bank AG Boosts Holdings in NCR Voyix Co. (NYSE:VYX)

Deutsche Bank AG raised its holdings in NCR Voyix Co. (NYSE:VYX) by 44.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,009 shares of the company’s stock after acquiring an additional 40,372 shares during the period. Deutsche Bank AG owned approximately 0.09% of NCR Voyix worth $1,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VYX. CIBC Asset Management Inc grew its stake in shares of NCR Voyix by 6.5% in the fourth quarter. CIBC Asset Management Inc now owns 14,239 shares of the company’s stock valued at $197,000 after buying an additional 871 shares in the last quarter. Mariner LLC raised its holdings in NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company’s stock worth $194,000 after purchasing an additional 872 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in NCR Voyix by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company’s stock valued at $211,000 after acquiring an additional 966 shares in the last quarter. Trajan Wealth LLC boosted its holdings in shares of NCR Voyix by 9.0% in the fourth quarter. Trajan Wealth LLC now owns 15,315 shares of the company’s stock valued at $212,000 after acquiring an additional 1,269 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after buying an additional 1,423 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of NCR Voyix in a research report on Tuesday, March 25th. Finally, Needham & Company LLC cut 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 note on Friday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, NCR Voyix currently has a consensus rating of “Moderate Buy” and an average target price of $14.60.

NCR Voyix Stock Performance

Shares of NYSE:VYX opened at $10.82 on Friday. The business’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $11.77. NCR Voyix Co. has a one year low of $7.55 and a one year high of $15.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The company has a market cap of $1.49 billion, a P/E ratio of 2.50 and a beta of 1.52.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The business had revenue of $617.00 million for the quarter, compared to analyst estimates of $608.67 million. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, sell-side analysts forecast that NCR Voyix Co. will post -0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NCR Voyix news, Director Laura Sen acquired 22,550 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $11.04 per share, with a total value of $248,952.00. Following the purchase, the director now directly owns 52,203 shares of the company’s stock, valued at approximately $576,321.12. This trade represents a 76.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

NCR Voyix 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.