Bank of America Corp DE Buys 294,994 Shares of NCR Voyix Co. (NYSE:VYX)

Bank of America Corp DE increased its holdings in NCR Voyix Co. (NYSE:VYX - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,831 shares of the company's stock after buying an additional 294,994 shares during the period. Bank of America Corp DE owned 0.46% of NCR Voyix worth $9,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Greenhouse Funds LLLP lifted its holdings in shares of NCR Voyix by 10.4% during the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company's stock worth $115,327,000 after acquiring an additional 787,032 shares during the period. Boston Partners lifted its stake in NCR Voyix by 966.8% during the fourth quarter. Boston Partners now owns 732,480 shares of the company's stock worth $10,131,000 after purchasing an additional 663,821 shares during the last quarter. Victory Capital Management Inc. lifted its stake in NCR Voyix by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company's stock worth $64,953,000 after purchasing an additional 621,303 shares during the last quarter. Barclays PLC boosted its holdings in shares of NCR Voyix by 149.5% in the 3rd quarter. Barclays PLC now owns 668,816 shares of the company's stock valued at $9,075,000 after purchasing an additional 400,734 shares in the last quarter. Finally, North Reef Capital Management LP raised its holdings in shares of NCR Voyix by 420.6% during the 4th quarter. North Reef Capital Management LP now owns 401,200 shares of the company's stock worth $5,553,000 after buying an additional 324,132 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VYX has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. The Goldman Sachs Group increased their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Needham & Company LLC reduced their price target on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $14.60.

Insider Activity at NCR Voyix

In other NCR Voyix news, Director Laura Sen acquired 22,550 shares of NCR Voyix stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $11.04 per share, with a total value of $248,952.00. Following the completion of the purchase, the director now directly owns 52,203 shares in the company, valued at $576,321.12. This trade represents a 76.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

NCR Voyix Price Performance

Shares of NYSE VYX traded up $0.36 during mid-day trading on Tuesday, hitting $11.18. 1,695,740 shares of the stock traded hands, compared to its average volume of 1,804,098. The company has a market cap of $1.54 billion, a PE ratio of 2.59 and a beta of 1.52. NCR Voyix Co. has a twelve month low of $7.55 and a twelve month high of $15.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $11.71.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 47.67% and a net margin of 19.08%. The business's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. As a group, equities research analysts forecast that NCR Voyix Co. will post -0.86 EPS for the current fiscal year.

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.