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

Bank of New York Mellon Corp decreased its position in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 856,989 shares of the company's stock after selling 147,253 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.62% of NCR Voyix worth $8,356,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its stake in NCR Voyix by 20.7% in the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after purchasing an additional 1,360 shares in the last quarter. Xponance Inc. purchased a new stake in shares of NCR Voyix during the 4th quarter valued at about $146,000. Cibc World Markets Corp purchased a new stake in shares of NCR Voyix during the 4th quarter valued at about $188,000. Mariner LLC raised its position in shares of NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after buying an additional 872 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of NCR Voyix during the 1st quarter valued at about $198,000. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Trading Up 1.2%

NYSE:VYX traded up $0.17 during mid-day trading on Friday, hitting $14.34. 1,922,447 shares of the stock traded hands, compared to its average volume of 1,878,824. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 2.16 and a beta of 1.65. NCR Voyix Corporation has a 52 week low of $7.55 and a 52 week high of $15.34. The firm's 50 day moving average is $12.23 and its two-hundred day moving average is $11.17. The company has a quick ratio of 0.96, a current ratio of 1.12 and a debt-to-equity ratio of 1.28.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $617.00 million for the quarter, compared to the consensus estimate of $608.67 million. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The firm's revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities research analysts predict that NCR Voyix Corporation will post -0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Laura Sen bought 22,550 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $11.04 per share, for a total transaction of $248,952.00. Following the purchase, the director directly owned 52,203 shares of the company's stock, valued at approximately $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

NCR Voyix Company 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.