KLP Kapitalforvaltning AS Invests $412,000 in NCR Voyix Co. (NYSE:VYX)

KLP Kapitalforvaltning AS purchased a new stake in shares of NCR Voyix Co. (NYSE:VYX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,800 shares of the company's stock, valued at approximately $412,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in NCR Voyix by 9.1% in the third quarter. FMR LLC now owns 7,157,231 shares of the company's stock worth $97,124,000 after acquiring an additional 596,254 shares in the last quarter. State Street Corp grew its stake in shares of NCR Voyix by 2.7% in the 3rd quarter. State Street Corp now owns 5,749,678 shares of the company's stock worth $78,023,000 after purchasing an additional 152,525 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of NCR Voyix by 15.3% in the 4th 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 in the last quarter. Geode Capital Management LLC lifted its stake in NCR Voyix by 2.7% during the third quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company's stock valued at $44,338,000 after purchasing an additional 86,709 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in NCR Voyix by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company's stock worth $38,006,000 after buying an additional 163,206 shares in the last quarter. Institutional investors own 97.00% of the company's stock.

NCR Voyix Stock Up 15.4 %

Shares of NCR Voyix stock traded up $1.20 during midday trading on Wednesday, hitting $9.01. The company's stock had a trading volume of 3,744,950 shares, compared to its average volume of 1,866,587. NCR Voyix Co. has a 1-year low of $7.67 and a 1-year 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 has a market capitalization of $1.25 billion, a P/E ratio of 2.09 and a beta of 1.49. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $12.64.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Needham & Company LLC dropped their price target on NCR Voyix from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada reaffirmed 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 decreased their price target on NCR Voyix from $13.00 to $11.00 and set a "neutral" rating for the company in a research report 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. According to data from MarketBeat, NCR Voyix presently has an average rating of "Moderate Buy" and an average price target of $15.17.

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.