Invenomic Capital Management LP Makes New Investment in NCR Voyix Co. (NYSE:VYX)

Invenomic Capital Management LP acquired a new stake in shares of NCR Voyix Co. (NYSE:VYX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 340,899 shares of the company’s stock, valued at approximately $4,306,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VYX. Fifth Third Bancorp bought a new position in shares of NCR Voyix during the first quarter worth $43,000. Bessemer Group Inc. purchased a new position in NCR Voyix in the 1st quarter worth about $43,000. SYSTM Wealth Solutions LLC bought a new position in NCR Voyix during the 1st quarter worth about $46,000. Hanson & Doremus Investment Management bought a new position in NCR Voyix during the 1st quarter worth about $84,000. Finally, American International Group Inc. bought a new stake in shares of NCR Voyix in the 1st quarter valued at about $92,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Stock Down 0.7 %

NCR Voyix stock traded down $0.11 during midday trading on Tuesday, hitting $14.79. 1,383,409 shares of the company were exchanged, compared to its average volume of 2,378,992. The company’s fifty day moving average price is $13.39 and its 200-day moving average price is $13.42. NCR Voyix Co. has a fifty-two week low of $10.99 and a fifty-two week high of $19.01. The company has a market cap of $2.14 billion, a PE ratio of -4.40 and a beta of 1.64. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.93 and a quick ratio of 0.73.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $862.00 million during the quarter, compared to the consensus estimate of $856.00 million. On average, research analysts predict that NCR Voyix Co. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research note on Friday, May 10th. Stifel Nicolaus initiated coverage on shares of NCR Voyix in a research note on Wednesday, June 12th. They set a “buy” rating and a $16.00 target price on the stock. Stephens reissued an “overweight” rating and set a $16.00 price target on shares of NCR Voyix in a research report on Monday, May 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of NCR Voyix in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, NCR Voyix has an average rating of “Moderate Buy” and an average target price of $18.00.

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.