Crescent Grove Advisors LLC Lowers Stake in NCR Voyix Co. (NYSE:VYX)

Crescent Grove Advisors LLC decreased its holdings in NCR Voyix Co. (NYSE:VYX - Free Report) by 21.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 615,741 shares of the company's stock after selling 172,846 shares during the quarter. NCR Voyix comprises approximately 0.9% of Crescent Grove Advisors LLC's portfolio, making the stock its 25th biggest position. Crescent Grove Advisors LLC owned 0.42% of NCR Voyix worth $8,356,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of NCR Voyix by 72.0% in the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company's stock worth $25,000 after acquiring an additional 840 shares in the last quarter. Mather Group LLC. bought a new position in NCR Voyix in the second quarter worth $41,000. Bessemer Group Inc. purchased a new position in NCR Voyix during the first quarter valued at $43,000. Nisa Investment Advisors LLC boosted its holdings in shares of NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company's stock valued at $62,000 after buying an additional 1,903 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of NCR Voyix in the 2nd quarter worth about $69,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Stock Performance

VYX traded up $0.67 during trading on Wednesday, hitting $13.99. 2,309,568 shares of the company's stock traded hands, compared to its average volume of 922,675. NCR Voyix Co. has a 12-month low of $10.87 and a 12-month high of $17.39. The company's 50 day simple moving average is $13.20 and its two-hundred day simple moving average is $13.10.

NCR Voyix (NYSE:VYX - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The business had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. NCR Voyix's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Research analysts anticipate that NCR Voyix Co. will post -1.69 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James G. Kelly bought 14,800 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the acquisition, the insider now owns 46,900 shares of the company's stock, valued at $628,929. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the business's stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the purchase, the chief financial officer now directly owns 142,288 shares in the company, valued at $1,637,734.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James G. Kelly acquired 14,800 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the purchase, the insider now directly owns 46,900 shares in the company, valued at approximately $628,929. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 46,492 shares of company stock valued at $577,993 over the last three months. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VYX shares. DA Davidson dropped their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada cut their price target on NCR Voyix from $19.00 to $16.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. Finally, The Goldman Sachs Group began coverage on NCR Voyix in a research note on Monday, October 14th. They issued a "neutral" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.43.

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.