Silvercrest Asset Management Group LLC Reduces Stock Holdings in NCR Voyix Co. (NYSE:VYX)

Silvercrest Asset Management Group LLC reduced its holdings in NCR Voyix Co. (NYSE:VYX) by 43.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,395 shares of the company’s stock after selling 39,474 shares during the period. Silvercrest Asset Management Group LLC’s holdings in NCR Voyix were worth $711,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VYX. Smartleaf Asset Management LLC boosted its holdings in NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock worth $31,000 after buying an additional 1,423 shares in the last quarter. KBC Group NV boosted its holdings in NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company’s stock worth $99,000 after buying an additional 2,540 shares in the last quarter. Xponance Inc. purchased a new stake in NCR Voyix during the fourth quarter worth $146,000. Cibc World Markets Corp purchased a new stake in NCR Voyix during the fourth quarter worth $188,000. Finally, Magnetar Financial LLC purchased a new stake in NCR Voyix during the fourth quarter worth $189,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VYX. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of NCR Voyix in a report on Tuesday, March 25th. The Goldman Sachs Group increased their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Finally, Needham & Company LLC reduced their price objective on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.60.

NCR Voyix Stock Performance

NYSE:VYX opened at $10.65 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The company has a fifty day moving average of $9.29 and a two-hundred day moving average of $11.81. The stock has a market capitalization of $1.47 billion, a PE ratio of 2.47 and a beta of 1.52. NCR Voyix Co. has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $608.67 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, research analysts forecast that NCR Voyix Co. will post -0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of NCR Voyix stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the transaction, the director now directly owns 52,203 shares of the company’s stock, valued at approximately $576,321.12. This represents a 76.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

NCR Voyix 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.