LSV Asset Management Trims Stock Holdings in NCR Voyix Co. (NYSE:VYX)

LSV Asset Management cut its holdings in shares of NCR Voyix Co. (NYSE:VYX - Free Report) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 821,630 shares of the company's stock after selling 1,087,587 shares during the quarter. LSV Asset Management owned 0.56% of NCR Voyix worth $11,371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VYX. Smartleaf Asset Management LLC raised its position in NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock worth $31,000 after purchasing an additional 1,423 shares during the period. KBC Group NV grew its stake in shares of NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock valued at $99,000 after buying an additional 2,540 shares during the last quarter. Xponance Inc. purchased a new position in shares of NCR Voyix in the fourth quarter worth about $146,000. Cibc World Markets Corp bought a new stake in shares of NCR Voyix in the 4th quarter valued at about $188,000. Finally, Magnetar Financial LLC purchased a new stake in NCR Voyix during the 4th quarter valued at about $189,000. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Trading Down 0.6 %

NCR Voyix stock traded down $0.05 during mid-day trading on Friday, reaching $7.81. 1,612,870 shares of the company traded hands, compared to its average volume of 1,864,869. The firm's 50 day moving average price is $10.18 and its 200 day moving average price is $12.43. NCR Voyix Co. has a 52-week low of $7.67 and a 52-week high of $15.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 1.81 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VYX. The Goldman Sachs Group lowered their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 price target on shares of NCR Voyix in a report on Tuesday, March 25th. Finally, Needham & Company LLC cut their price target on shares of NCR Voyix from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.