Clearbridge Investments LLC Sells 1,059,472 Shares of NCR Voyix Co. (NYSE:VYX)

Clearbridge Investments LLC lessened its stake in shares of NCR Voyix Co. (NYSE:VYX) by 40.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,097 shares of the company’s stock after selling 1,059,472 shares during the period. Clearbridge Investments LLC’s holdings in NCR Voyix were worth $19,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of NCR Voyix by 72.0% during the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock worth $25,000 after purchasing an additional 840 shares in the last quarter. Mather Group LLC. bought a new stake in NCR Voyix during the second quarter worth about $41,000. Bessemer Group Inc. acquired a new stake in NCR Voyix during the first quarter worth about $43,000. Nisa Investment Advisors LLC grew its stake in NCR Voyix by 61.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock worth $62,000 after buying an additional 1,903 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in NCR Voyix in the 2nd quarter valued at about $69,000. 97.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VYX. DA Davidson cut their price target on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research report on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus began coverage on NCR Voyix in a research note on Wednesday, June 12th. They issued a “buy” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

NCR Voyix Stock Down 0.5 %

NCR Voyix stock opened at $13.70 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 102.52. The firm’s fifty day moving average price is $13.09 and its two-hundred day moving average price is $12.99. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -4.08 and a beta of 1.63. NCR Voyix Co. has a 1-year low of $10.87 and a 1-year high of $18.04.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The company had revenue of $876.00 million for the quarter, compared to analyst estimates of $886.60 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. NCR Voyix’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, equities research analysts predict that NCR Voyix Co. will post -1.44 earnings per share for the current fiscal year.

Insider Activity at NCR Voyix

In related news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the purchase, the chief financial officer now owns 142,288 shares in the company, valued at approximately $1,637,734.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NCR Voyix news, EVP Eric Schoch bought 21,692 shares of NCR Voyix stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $12.19 per share, with a total value of $264,425.48. Following the completion of the acquisition, the executive vice president now directly owns 101,671 shares in the company, valued at approximately $1,239,369.49. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian J. Webb-Walsh purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the transaction, the chief financial officer now directly owns 142,288 shares of the company’s stock, valued at $1,637,734.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,492 shares of company stock valued at $577,993 over the last 90 days. Insiders own 0.61% of the company’s stock.

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.