10 Technology Stocks with Insider Buying in 2024

6. NCR Voyix Corporation (NYSE:VYX)

Number of Hedge Fund Holders: 32

NCR Voyix Corporation (NYSE:VYX) ranks sixth on our list of tech stocks with insider buying. It is a leading provider of digital commerce solutions, specializing in retail, hospitality, and financial technology. The company delivers cloud-based software, self-service kiosks, and payment processing solutions that help businesses enhance customer experience and streamline operations. With a strong focus on innovation, VYX enables seamless omnichannel transactions across physical and digital touchpoints.

The share price of NCR Voyix Corporation (NYSE:VYX) went sideways during calendar 2024, as the company reported declining revenue due to sluggish hardware-related sales. Furthermore, some noise was added by the sale of the Digital Banking business on September 30 – VYX received $2.45 billion in gross proceeds, with $1.8 billion utilized to reduce indebtedness and approximately $100 million allocated for share repurchases. Despite a slow 2024, the company demonstrated progress in its platform strategy with approximately 70,000 sites on its cloud-native commerce platform, representing a 25% increase from the prior year. Looking ahead, management is implementing five key revenue growth actions, including restructured sales teams, enhanced solution investments, accelerated contract renewals, and strengthened senior organization to drive long-term growth in 2025 and beyond. The optimism for the future is clearly confirmed by at least 2 insiders buying a significant amount of stock in the last year.