Crescent Grove Advisors LLC Raises Stock Holdings in NCR Voyix Corporation (NYSE:VYX)

Crescent Grove Advisors LLC grew its stake in shares of NCR Voyix Corporation (NYSE:VYX - Free Report) by 47.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 866,347 shares of the company's stock after acquiring an additional 280,672 shares during the quarter. NCR Voyix comprises about 0.9% of Crescent Grove Advisors LLC's holdings, making the stock its 29th largest position. Crescent Grove Advisors LLC owned 0.62% of NCR Voyix worth $8,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Mariner LLC increased its position in NCR Voyix by 6.6% during the fourth quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after purchasing an additional 872 shares during the last quarter. Summit Investment Advisors Inc. grew its position in NCR Voyix by 6.8% during 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% during 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% during 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% during 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VYX. Royal Bank Of Canada reissued an "outperform" rating and set a $17.00 price target on shares of NCR Voyix in a research report on Tuesday, March 25th. The Goldman Sachs Group boosted their price target on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Stephens boosted their price target on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Needham & Company LLC lowered their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, NCR Voyix currently has an average rating of "Moderate Buy" and a consensus price target of $14.40.

Insider Activity at NCR Voyix

In other NCR Voyix news, Director Laura Sen purchased 22,550 shares of NCR Voyix stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $11.04 per share, with a total value of $248,952.00. Following the completion of the acquisition, the director now owns 52,203 shares of the company's stock, valued at approximately $576,321.12. This trade represents a 76.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

NCR Voyix Stock Up 0.3%

NCR Voyix stock traded up $0.04 during midday trading on Friday, hitting $11.80. 4,938,952 shares of the company were exchanged, compared to its average volume of 1,715,349. The company's fifty day moving average price is $10.54 and its 200-day moving average price is $11.23. The company has a market cap of $1.62 billion, a PE ratio of 1.78 and a beta of 1.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 0.96. NCR Voyix Corporation has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

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

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.