Silvercrest Asset Management Group LLC Decreases Stake in NCR Voyix Co. (NYSE:VYX)

Silvercrest Asset Management Group LLC decreased its position in shares of NCR Voyix Co. (NYSE:VYX - Free Report) by 43.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,395 shares of the company's stock after selling 39,474 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in NCR Voyix were worth $711,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock valued at $31,000 after buying an additional 1,423 shares in the last quarter. KBC Group NV raised its holdings in shares of NCR Voyix by 55.1% in the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock worth $99,000 after acquiring an additional 2,540 shares during the last quarter. Xponance Inc. purchased a new stake in shares of NCR Voyix in the fourth quarter valued at $146,000. Cibc World Markets Corp acquired a new stake in shares of NCR Voyix during the fourth quarter valued at $188,000. Finally, Magnetar Financial LLC acquired a new stake in shares of NCR Voyix during the fourth quarter valued at $189,000. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Trading Down 1.1%

VYX traded down $0.12 during midday trading on Monday, hitting $10.82. The company's stock had a trading volume of 1,517,183 shares, compared to its average volume of 1,804,533. NCR Voyix Co. has a 52-week low of $7.55 and a 52-week high of $15.34. The firm has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $11.74. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a market cap of $1.49 billion, a P/E ratio of 2.50 and a beta of 1.52.

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, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. NCR Voyix's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, research analysts anticipate that NCR Voyix Co. will post -0.86 earnings per share for the current year.

Insider Buying and Selling

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the company's 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 transaction, the director now owns 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

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.