Principal Financial Group Inc. Boosts Stake in NCR Voyix Corporation (NYSE:VYX)

Principal Financial Group Inc. boosted its stake in shares of NCR Voyix Corporation (NYSE:VYX) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 728,597 shares of the company’s stock after buying an additional 16,569 shares during the period. Principal Financial Group Inc.’s holdings in NCR Voyix were worth $7,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Shapiro Capital Management LLC increased its position in shares of NCR Voyix by 10.1% in the 4th quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after acquiring an additional 956,177 shares during the period. Greenhouse Funds LLLP increased its position in shares of NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after acquiring an additional 787,032 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NCR Voyix by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company’s stock valued at $40,008,000 after acquiring an additional 57,983 shares during the period. Northern Trust Corp increased its position in shares of NCR Voyix by 10.0% in the 4th quarter. Northern Trust Corp now owns 1,632,204 shares of the company’s stock valued at $22,590,000 after acquiring an additional 148,563 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of NCR Voyix by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 1,216,361 shares of the company’s stock valued at $16,834,000 after acquiring an additional 25,129 shares during the period. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Insider Activity

In other news, Director Laura Sen bought 22,550 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $11.04 per share, with a total value of $248,952.00. Following the transaction, the director owned 52,203 shares of the company’s stock, valued at $576,321.12. This represents a 76.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on VYX shares. Stephens increased their price target on NCR Voyix from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Needham & Company LLC lowered their target price on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group increased their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $17.00 target price on shares of NCR Voyix in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

NCR Voyix Trading Up 0.4%

NYSE VYX opened at $13.67 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.96 and a current ratio of 1.12. The firm has a market cap of $1.88 billion, a PE ratio of 2.06 and a beta of 1.65. NCR Voyix Corporation has a one year low of $7.55 and a one year high of $15.34. The firm’s fifty day moving average is $11.64 and its two-hundred day moving average is $11.15.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $608.67 million. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Analysts expect that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

NCR Voyix Company 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.