AREX Capital Management LP Sells 61,064 Shares of NCR Voyix Co. (NYSE:VYX)

AREX Capital Management LP trimmed its position in NCR Voyix Co. (NYSE:VYX - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,436 shares of the company's stock after selling 61,064 shares during the period. NCR Voyix comprises about 6.6% of AREX Capital Management LP's investment portfolio, making the stock its 5th largest position. AREX Capital Management LP owned about 0.23% of NCR Voyix worth $4,629,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenhouse Funds LLLP lifted its position in NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company's stock valued at $115,327,000 after purchasing an additional 787,032 shares during the last quarter. Boston Partners raised its position in shares of 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 period. 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 valued at $64,953,000 after buying an additional 621,303 shares in the last quarter. Barclays PLC lifted its position 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 acquiring an additional 400,734 shares in the last quarter. Finally, North Reef Capital Management LP boosted its position in shares of NCR Voyix by 420.6% in the fourth 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 during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on VYX. Needham & Company LLC reduced their target price on shares of NCR Voyix from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 target price on shares of NCR Voyix in a research report on Tuesday, March 25th. Finally, The Goldman Sachs Group dropped their target price on shares of NCR Voyix from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.17.

NCR Voyix Price Performance

Shares of NYSE VYX traded up $1.48 during midday trading on Thursday, reaching $10.23. The company's stock had a trading volume of 3,590,153 shares, compared to its average volume of 1,842,328. The business's 50 day moving average price is $9.20 and its two-hundred day moving average price is $11.95. The company has a market cap of $1.43 billion, a P/E ratio of 2.37 and a beta of 1.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. NCR Voyix Co. has a fifty-two week low of $7.55 and a fifty-two week high of $15.34.

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.