Silvercrest Asset Management Group LLC Sells 39,474 Shares of NCR Voyix Co. (NYSE:VYX)

Silvercrest Asset Management Group LLC lessened its stake in NCR Voyix Co. (NYSE:VYX - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 1,423 shares in the last quarter. KBC Group NV raised its stake in NCR Voyix by 55.1% during 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 in the last quarter. Xponance Inc. bought a new position in shares of NCR Voyix in the fourth quarter worth about $146,000. Cibc World Markets Corp acquired a new stake in shares of NCR Voyix in the 4th quarter valued at approximately $188,000. Finally, Magnetar Financial LLC bought a new stake in shares of NCR Voyix during the 4th quarter valued at approximately $189,000. Institutional investors own 97.00% of the company's stock.

NCR Voyix Trading Down 1.1%

NCR Voyix stock traded down $0.12 during mid-day trading on Friday, hitting $10.82. 1,517,183 shares of the stock were exchanged, compared to its average volume of 1,804,183. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 2.50 and a beta of 1.52. NCR Voyix Co. has a 12 month low of $7.55 and a 12 month high of $15.34. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The firm's fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $11.77.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $617.00 million during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $0.13 earnings per share. Analysts forecast that NCR Voyix Co. will post -0.86 EPS for the current year.

Analysts Set New Price Targets

VYX has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 9th. 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 note on Friday, May 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.60.

Insider Transactions at NCR Voyix

In related news, Director Laura Sen acquired 22,550 shares of the stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the purchase, the director now directly owns 52,203 shares of the company's stock, valued at $576,321.12. The trade was a 76.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.