Sei Investments Co. Buys 52,197 Shares of V2X, Inc. (NYSE:VVX)

Sei Investments Co. boosted its stake in V2X, Inc. (NYSE:VVX) by 243.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,653 shares of the company’s stock after purchasing an additional 52,197 shares during the period. Sei Investments Co.’s holdings in V2X were worth $3,532,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 839 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of V2X during the 1st quarter worth $142,000. Hsbc Holdings PLC bought a new stake in shares of V2X in the 2nd quarter worth approximately $212,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in V2X in the 1st quarter valued at about $307,000. 95.18% of the stock is currently owned by institutional investors.

V2X Price Performance

Shares of V2X stock opened at $57.09 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $58.25. The stock has a market capitalization of $1.78 billion, a P/E ratio of -440.15 and a beta of 0.60. The business has a 50 day simple moving average of $51.61 and a two-hundred day simple moving average of $48.93.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. As a group, analysts predict that V2X, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at V2X

In other V2X news, CAO William Boyd Noon purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the purchase, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. The disclosure for this purchase can be found here. Insiders acquired a total of 11,936 shares of company stock worth $572,928 in the last 90 days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of V2X in a research note on Wednesday, August 7th.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.