Principal Financial Group Inc. Acquires 16,569 Shares of NCR Voyix Corporation (NYSE:VYX)

Principal Financial Group Inc. increased its holdings in shares of NCR Voyix Corporation (NYSE:VYX) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 728,597 shares of the company’s stock after acquiring an additional 16,569 shares during the quarter. Principal Financial Group Inc. owned approximately 0.52% of NCR Voyix worth $7,104,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Shapiro Capital Management LLC lifted its holdings in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock worth $144,084,000 after acquiring an additional 956,177 shares during the period. Greenhouse Funds LLLP lifted its position in shares of NCR Voyix by 10.4% during the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after buying an additional 787,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NCR Voyix by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company’s stock valued at $40,008,000 after buying an additional 57,983 shares during the last quarter. Northern Trust Corp lifted its position in shares of NCR Voyix by 10.0% during the 4th quarter. Northern Trust Corp now owns 1,632,204 shares of the company’s stock valued at $22,590,000 after buying an additional 148,563 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of NCR Voyix by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 1,216,361 shares of the company’s stock valued at $16,834,000 after buying an additional 25,129 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Stock Performance

NYSE:VYX opened at $13.67 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.96 and a current ratio of 1.12. NCR Voyix Corporation has a 52-week low of $7.55 and a 52-week high of $15.34. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 2.06 and a beta of 1.65. The business’s fifty day moving average is $11.64 and its 200 day moving average is $11.15.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The firm had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $608.67 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. Research analysts predict that NCR Voyix Corporation will post -0.86 EPS for the current year.

Insider Activity at NCR Voyix

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of NCR Voyix stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the acquisition, the director owned 52,203 shares in the company, valued at approximately $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VYX shares. Needham & Company LLC dropped their price target on NCR Voyix from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group upped their price target on NCR Voyix from $8.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. Finally, Stephens boosted their price objective on NCR Voyix from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.40.

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.