Miracle Mile Advisors LLC Lowers Stock Holdings in NCR Voyix Co. (NYSE:VYX)

Miracle Mile Advisors LLC lowered its stake in NCR Voyix Co. (NYSE:VYX) by 7.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,925 shares of the company’s stock after selling 2,499 shares during the quarter. Miracle Mile Advisors LLC’s holdings in NCR Voyix were worth $406,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the acquisition, the chief financial officer now owns 142,288 shares in the company, valued at $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider James G. Kelly purchased 14,800 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the transaction, the insider now directly owns 46,900 shares in the company, valued at $628,929. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian J. Webb-Walsh acquired 10,000 shares of NCR Voyix stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the purchase, the chief financial officer now owns 142,288 shares of the company’s stock, valued at approximately $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 46,492 shares of company stock valued at $577,993 in the last 90 days. Company insiders own 0.61% of the company’s stock.

NCR Voyix Trading Up 1.1 %

Shares of NYSE:VYX opened at $13.58 on Wednesday. The stock’s 50-day simple moving average is $13.04 and its two-hundred day simple moving average is $12.99. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -4.04 and a beta of 1.63. NCR Voyix Co. has a 52-week low of $10.87 and a 52-week high of $18.04. The company has a debt-to-equity ratio of 102.52, a quick ratio of 0.67 and a current ratio of 0.85.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data 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). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The business had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the previous year, the business posted $0.73 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts expect that NCR Voyix Co. will post -1.44 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.