Franklin Resources Inc. Acquires 51,779 Shares of NCR Voyix Co. (NYSE:VYX)

Franklin Resources Inc. increased its holdings in NCR Voyix Co. (NYSE:VYX) by 6.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 903,293 shares of the company’s stock after purchasing an additional 51,779 shares during the period. Franklin Resources Inc.’s holdings in NCR Voyix were worth $11,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Savant Capital LLC purchased a new position in NCR Voyix during the 2nd quarter valued at about $536,000. Penserra Capital Management LLC grew its stake in NCR Voyix by 44.1% during the third quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock valued at $2,427,000 after acquiring an additional 54,714 shares in the last quarter. Luxor Capital Group LP increased its holdings in NCR Voyix by 88.9% during the 3rd quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock worth $2,061,000 after acquiring an additional 71,490 shares during the period. Shapiro Capital Management LLC purchased a new stake in NCR Voyix in the 2nd quarter worth approximately $75,914,000. Finally, Mackenzie Financial Corp boosted its holdings in NCR Voyix by 165.2% in the 2nd quarter. Mackenzie Financial Corp now owns 206,550 shares of the company’s stock valued at $2,551,000 after purchasing an additional 128,660 shares during the period. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VYX has been the topic of several research analyst reports. The Goldman Sachs Group started coverage on shares of NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NCR Voyix currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

NCR Voyix Stock Performance

NYSE VYX opened at $13.93 on Friday. The stock’s 50-day simple moving average is $13.94 and its two-hundred day simple moving average is $13.46. NCR Voyix Co. has a twelve month low of $10.87 and a twelve month high of $17.39. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 3.22 and a beta of 1.64.

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

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.