Bank of New York Mellon Corp Decreases Position in NCR Voyix Corporation (NYSE:VYX)

Bank of New York Mellon Corp trimmed its stake in NCR Voyix Corporation (NYSE:VYX - Free Report) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 856,989 shares of the company's stock after selling 147,253 shares during the period. Bank of New York Mellon Corp owned about 0.62% of NCR Voyix worth $8,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mariner LLC grew its holdings in NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after acquiring an additional 872 shares during the period. Summit Investment Advisors Inc. grew its holdings in NCR Voyix by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company's stock worth $211,000 after acquiring an additional 966 shares during the period. Trajan Wealth LLC grew its holdings in NCR Voyix by 9.0% during the 4th quarter. Trajan Wealth LLC now owns 15,315 shares of the company's stock worth $212,000 after acquiring an additional 1,269 shares during the period. Spire Wealth Management grew its holdings in NCR Voyix by 20.7% during the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after acquiring an additional 1,360 shares during the period. Finally, Bank of Montreal Can grew its holdings in NCR Voyix by 8.2% during the 4th quarter. Bank of Montreal Can now owns 19,703 shares of the company's stock worth $273,000 after acquiring an additional 1,489 shares during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Stock Down 3.0%

NYSE VYX traded down $0.44 during trading hours on Thursday, hitting $14.20. The company's stock had a trading volume of 1,728,140 shares, compared to its average volume of 1,871,752. NCR Voyix Corporation has a 52 week low of $7.55 and a 52 week high of $15.34. The company has a market capitalization of $1.96 billion, a PE ratio of 2.14 and a beta of 1.65. The company has a current ratio of 1.12, a quick ratio of 0.96 and a debt-to-equity ratio of 1.28. The company's 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $11.19.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The company's revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Research analysts anticipate that NCR Voyix Corporation will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Laura Sen acquired 22,550 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the purchase, the director owned 52,203 shares in the company, valued at approximately $576,321.12. This represents a 76.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VYX shares. Stephens increased their price objective on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Needham & Company LLC cut their price objective on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group increased their price objective on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and an average price target of $14.40.

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.