Easterly Investment Partners LLC Buys New Stake in NCR Voyix Co. (NYSE:VYX)

Easterly Investment Partners LLC purchased a new stake in NCR Voyix Co. (NYSE:VYX) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 49,936 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama bought a new stake in shares of NCR Voyix in the 1st quarter worth approximately $6,482,000. Allspring Global Investments Holdings LLC bought a new stake in NCR Voyix in the 1st quarter valued at about $514,000. Mutual of America Capital Management LLC acquired a new position in NCR Voyix during the 1st quarter valued at about $292,000. First Pacific Advisors LP bought a new position in NCR Voyix in the 1st quarter worth about $33,241,000. Finally, Hollencrest Capital Management acquired a new position in shares of NCR Voyix during the first quarter worth approximately $299,000. Institutional investors own 97.00% of the company’s stock.

NCR Voyix Trading Down 2.6 %

VYX stock traded down $0.37 during mid-day trading on Wednesday, reaching $13.73. 772,043 shares of the stock traded hands, compared to its average volume of 2,466,902. The stock’s fifty day moving average is $12.84 and its 200-day moving average is $13.62. The company has a market cap of $1.99 billion, a P/E ratio of -4.20 and a beta of 1.64. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 102.52. NCR Voyix Co. has a 52-week low of $10.99 and a 52-week high of $19.01.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). NCR Voyix had a positive return on equity of 27.60% and a negative net margin of 7.88%. The firm had revenue of $862.00 million during the quarter, compared to analyst estimates of $856.00 million. As a group, sell-side analysts expect that NCR Voyix Co. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VYX shares. DA Davidson reaffirmed a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Friday, May 10th. Northcoast Research upgraded NCR Voyix from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of NCR Voyix in a research report on Friday, April 5th. Finally, Stephens restated an “overweight” rating and set a $16.00 price objective on shares of NCR Voyix in a research report on Monday, May 13th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.