Hollencrest Capital Management Purchases 51,300 Shares of NCR Voyix Co. (NYSE:VYX)

Hollencrest Capital Management boosted its stake in NCR Voyix Co. (NYSE:VYX) by 216.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the company’s stock after buying an additional 51,300 shares during the quarter. Hollencrest Capital Management owned approximately 0.05% of NCR Voyix worth $1,018,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake 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 period. Mather Group LLC. purchased a new position in shares of NCR Voyix during the second quarter valued at approximately $41,000. Bessemer Group Inc. purchased a new position in shares of NCR Voyix during the first quarter valued at approximately $43,000. Nisa Investment Advisors LLC increased its stake in shares of 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 buying an additional 1,903 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of NCR Voyix during the second quarter valued at approximately $69,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Trading Up 2.4 %

Shares of NYSE:VYX traded up $0.34 on Friday, reaching $14.31. The company had a trading volume of 610,453 shares, compared to its average volume of 2,102,008. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $17.39. The firm’s 50 day simple moving average is $13.22 and its 200-day simple moving average is $13.11. The firm has a market capitalization of $2.08 billion, a PE ratio of -3.49 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $692.58 million. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue was down 12.1% compared to the same quarter last year. As a group, equities research analysts predict that NCR Voyix Co. will post -1.69 earnings per share for the current year.

Insider Buying and Selling at NCR Voyix

In other news, insider James G. Kelly acquired 14,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the purchase, the insider now owns 46,900 shares in the company, valued at approximately $628,929. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Eric Schoch acquired 21,692 shares of NCR Voyix stock in a transaction dated 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 completion of the purchase, the executive vice president now owns 101,671 shares in the company, valued at approximately $1,239,369.49. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

VYX has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced 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. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research report on Monday, October 14th. Finally, The Goldman Sachs Group started coverage on NCR Voyix in a research report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.43.

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.