Qsemble Capital Management LP Purchases 7,641 Shares of NCR Voyix Co. (NYSE:VYX)

Qsemble Capital Management LP boosted its stake in NCR Voyix Co. (NYSE:VYX) by 58.2% in the third quarter, HoldingsChannel reports. The firm owned 20,760 shares of the company’s stock after acquiring an additional 7,641 shares during the period. Qsemble Capital Management LP’s holdings in NCR Voyix were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in NCR Voyix by 72.0% in the second quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Truvestments Capital LLC bought a new stake in NCR Voyix in the third quarter valued at about $25,000. Mather Group LLC. bought a new stake in NCR Voyix in the second quarter valued at about $41,000. Nisa Investment Advisors LLC increased its holdings in NCR Voyix by 61.4% in the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in NCR Voyix in the second quarter valued at about $69,000. Institutional investors own 97.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VYX shares. Royal Bank of Canada lowered their price target on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a report on Monday, October 14th. DA Davidson lowered their price target on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, The Goldman Sachs Group started coverage on NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price target for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.43.

NCR Voyix Stock Performance

Shares of NYSE VYX opened at $14.48 on Thursday. NCR Voyix Co. has a 52 week low of $10.87 and a 52 week high of $17.39. The stock has a market capitalization of $2.11 billion, a PE ratio of 3.32 and a beta of 1.64. The stock has a 50 day moving average price of $13.59 and a 200 day moving average price of $13.31. 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 released its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. During the same period in the previous year, the business earned $0.77 earnings per share. The business’s quarterly revenue was down 12.1% on a year-over-year basis. Analysts predict that NCR Voyix Co. will post -1.86 earnings per share 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.