Brown Advisory Inc. Sells 656,728 Shares of NCR Voyix Corporation (NYSE:VYX)

Brown Advisory Inc. trimmed its position in NCR Voyix Corporation (NYSE:VYX - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,578,849 shares of the company's stock after selling 656,728 shares during the quarter. Brown Advisory Inc. owned 2.57% of NCR Voyix worth $34,894,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in NCR Voyix by 2.3% during the first quarter. Principal Financial Group Inc. now owns 728,597 shares of the company's stock worth $7,104,000 after acquiring an additional 16,569 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in NCR Voyix during the first quarter worth $198,000. Crescent Grove Advisors LLC raised its stake in NCR Voyix by 47.9% during the first quarter. Crescent Grove Advisors LLC now owns 866,347 shares of the company's stock worth $8,447,000 after acquiring an additional 280,672 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in NCR Voyix by 14.6% during the first quarter. Illinois Municipal Retirement Fund now owns 86,393 shares of the company's stock worth $842,000 after acquiring an additional 10,999 shares in the last quarter. Finally, New World Advisors LLC raised its stake in NCR Voyix by 88.2% during the first quarter. New World Advisors LLC now owns 44,175 shares of the company's stock worth $431,000 after acquiring an additional 20,700 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NCR Voyix

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $11.04 per share, with a total value of $248,952.00. Following the purchase, the director owned 52,203 shares in the company, valued at $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

NCR Voyix Trading Down 1.3%

VYX traded down $0.18 during midday trading on Friday, reaching $13.32. 1,100,387 shares of the company were exchanged, compared to its average volume of 1,698,425. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.96 and a current ratio of 1.12. NCR Voyix Corporation has a one year low of $7.55 and a one year high of $15.34. The stock has a market capitalization of $1.83 billion, a P/E ratio of 2.01 and a beta of 1.65. The stock's 50-day simple moving average is $11.45 and its 200 day simple moving average is $11.13.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The firm had revenue of $617.00 million for the quarter, compared to analysts' expectations of $608.67 million. During the same quarter last year, the business earned $0.13 earnings per share. The company's revenue was down 13.1% compared to the same quarter last year. As a group, analysts forecast that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stephens increased their price objective on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group raised their target price on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $17.00 target price on shares of NCR Voyix in a research note on Tuesday, March 25th. Finally, Needham & Company LLC lowered their price objective on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company 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 stock. According to MarketBeat, the company 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.