Royal Fund Management LLC Sells 5,000 Shares of NCR Voyix Co. (NYSE:VYX)

Royal Fund Management LLC reduced its position in NCR Voyix Co. (NYSE:VYX) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,913 shares of the company’s stock after selling 5,000 shares during the quarter. Royal Fund Management LLC’s holdings in NCR Voyix were worth $151,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Engaged Capital LLC lifted its stake in NCR Voyix by 14.1% in the 3rd quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after purchasing an additional 885,000 shares in the last quarter. FMR LLC grew its position in NCR Voyix by 9.1% during the third quarter. FMR LLC now owns 7,157,231 shares of the company’s stock worth $97,124,000 after buying an additional 596,254 shares in the last quarter. Shapiro Capital Management LLC bought a new position in NCR Voyix in the 2nd quarter worth about $75,914,000. State Street Corp raised its holdings in shares of NCR Voyix by 2.7% in the 3rd quarter. State Street Corp now owns 5,749,678 shares of the company’s stock valued at $78,023,000 after acquiring an additional 152,525 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of NCR Voyix by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,071,816 shares of the company’s stock valued at $55,255,000 after acquiring an additional 31,436 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Trading Down 1.2 %

VYX stock opened at $12.96 on Wednesday. NCR Voyix Co. has a one year low of $10.87 and a one year high of $15.98. The company has a market capitalization of $1.89 billion, a PE ratio of 3.00 and a beta of 1.63. The company’s 50 day moving average price is $14.07 and its two-hundred day moving average price is $13.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.23). The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $692.58 million. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. As a group, analysts predict that NCR Voyix Co. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VYX shares. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research report on Monday, October 14th. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a research report on Monday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.