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

Brown Advisory Inc. cut its holdings in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,578,849 shares of the company's stock after selling 656,728 shares during the quarter. Brown Advisory Inc. owned about 2.57% of NCR Voyix worth $34,894,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mariner LLC grew its position in NCR Voyix by 6.6% in the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock valued at $194,000 after acquiring an additional 872 shares during the period. Summit Investment Advisors Inc. grew its position in NCR Voyix by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company's stock valued at $211,000 after acquiring an additional 966 shares during the period. Trajan Wealth LLC grew its position in NCR Voyix by 9.0% in the fourth quarter. Trajan Wealth LLC now owns 15,315 shares of the company's stock valued at $212,000 after acquiring an additional 1,269 shares during the period. Spire Wealth Management grew its position in NCR Voyix by 20.7% in the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock valued at $77,000 after acquiring an additional 1,360 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock valued at $31,000 after acquiring an additional 1,423 shares during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NCR Voyix

In other news, Director Laura Sen bought 22,550 shares of the stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the acquisition, the director directly owned 52,203 shares in the company, valued at approximately $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

NCR Voyix Stock Performance

Shares of NYSE VYX traded down $0.09 during midday trading on Friday, hitting $13.40. 359,515 shares of the company's stock were exchanged, compared to its average volume of 1,696,949. 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 Corporation has a 12 month low of $7.55 and a 12 month high of $15.34. The company's 50 day moving average price is $11.36 and its 200 day moving average price is $11.18. The firm has a market capitalization of $1.85 billion, a PE ratio of 2.02 and a beta of 1.65.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 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 company had revenue of $617.00 million during the quarter, compared to analysts' expectations of $608.67 million. During the same quarter in the previous year, the firm earned $0.13 EPS. NCR Voyix's revenue was down 13.1% on a year-over-year basis. As a group, analysts predict that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC decreased their target price on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group raised their price target on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Stephens raised their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of NCR Voyix in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

About NCR Voyix

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.