Victory Capital Management Inc. Trims Holdings in NCR Voyix Corporation (NYSE:VYX)

Victory Capital Management Inc. decreased its position in NCR Voyix Corporation (NYSE:VYX - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,547,716 shares of the company's stock after selling 145,403 shares during the quarter. Victory Capital Management Inc. owned 3.26% of NCR Voyix worth $44,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of VYX. Shapiro Capital Management LLC boosted its stake in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company's stock worth $144,084,000 after buying an additional 956,177 shares during the period. Greenhouse Funds LLLP lifted its holdings in shares of NCR Voyix by 10.4% in 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 last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NCR Voyix by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,890,765 shares of the company's stock worth $40,008,000 after purchasing an additional 57,983 shares during the period. Northern Trust Corp grew its holdings in NCR Voyix by 10.0% during the 4th quarter. Northern Trust Corp now owns 1,632,204 shares of the company's stock valued at $22,590,000 after purchasing an additional 148,563 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in NCR Voyix by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 1,216,361 shares of the company's stock worth $16,834,000 after purchasing an additional 25,129 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Stock Up 2.6%

Shares of NYSE:VYX traded up $0.37 on Tuesday, reaching $14.52. The company had a trading volume of 664,433 shares, compared to its average volume of 1,700,047. The firm has a market capitalization of $2.00 billion, a PE ratio of 2.18 and a beta of 1.65. The company has a current ratio of 1.12, a quick ratio of 0.96 and a debt-to-equity ratio of 1.28. NCR Voyix Corporation has a 52-week low of $7.55 and a 52-week high of $15.34. The firm's 50 day simple moving average is $11.89 and its 200-day simple moving average is $11.14.

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, beating the consensus estimate of $0.02 by $0.07. NCR Voyix had a net margin of 33.61% and a negative return on equity of 17.40%. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company's quarterly revenue was down 13.1% on a year-over-year basis. As a group, analysts expect that NCR Voyix Corporation will post -0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NCR Voyix news, Director Laura Sen purchased 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 completion of the acquisition, the director owned 52,203 shares in the company, valued at $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VYX has been the topic of several recent analyst reports. Needham & Company LLC decreased their price target 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. Stephens upped their price target on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $17.00 target price on shares of NCR Voyix in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group lifted their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, NCR Voyix currently has a consensus rating of "Moderate Buy" and an average target price of $14.40.

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.