NCR Voyix (NYSE:VYX) Shares Gap Up – Here’s What Happened

NCR Voyix Co. (NYSE:VYX) gapped up prior to trading on Thursday . The stock had previously closed at $11.71, but opened at $12.50. NCR Voyix shares last traded at $12.29, with a volume of 458,172 shares changing hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reduced their target price on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.71.

NCR Voyix Trading Down 2.2 %

The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2.60 and a beta of 1.62. The company’s 50-day moving average is $12.90 and its 200-day moving average is $13.33. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

Institutional Investors Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in NCR Voyix by 44.1% during the third quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock worth $2,427,000 after purchasing an additional 54,714 shares during the last quarter. Luxor Capital Group LP increased its position in NCR Voyix by 88.9% during the third quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock worth $2,061,000 after purchasing an additional 71,490 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in NCR Voyix by 92.2% during the third quarter. Harbor Capital Advisors Inc. now owns 985,854 shares of the company’s stock worth $13,378,000 after purchasing an additional 472,904 shares during the last quarter. Engaged Capital LLC increased its position in NCR Voyix by 14.1% during the third 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 during the last quarter. Finally, MetLife Investment Management LLC increased its position in NCR Voyix by 129.1% during the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock worth $1,140,000 after purchasing an additional 47,338 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.