Clearbridge Investments LLC Sells 1,059,472 Shares of NCR Voyix Co. (NYSE:VYX)

Clearbridge Investments LLC decreased its holdings in shares of NCR Voyix Co. (NYSE:VYX - Free Report) by 40.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,097 shares of the company's stock after selling 1,059,472 shares during the period. Clearbridge Investments LLC owned about 1.10% of NCR Voyix worth $19,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in shares of NCR Voyix during the 1st quarter valued at $216,302,000. Engaged Capital LLC grew its position in shares of NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company's stock valued at $77,632,000 after acquiring an additional 450,000 shares during the period. Shapiro Capital Management LLC bought a new stake in shares of NCR Voyix during the 2nd quarter valued at $75,914,000. First Pacific Advisors LP grew its position in shares of NCR Voyix by 31.3% during the 2nd quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company's stock valued at $42,680,000 after acquiring an additional 824,008 shares during the period. Finally, LSV Asset Management bought a new stake in shares of NCR Voyix during the 1st quarter valued at $39,433,000. Institutional investors own 97.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VYX shares. DA Davidson cut their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Royal Bank of Canada dropped their target price on shares of NCR Voyix from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of NCR Voyix in a report on Wednesday, August 7th. Finally, Stifel Nicolaus began coverage on shares of NCR Voyix in a report on Wednesday, June 12th. They issued a "buy" rating and a $16.00 target price for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.43.

Insiders Place Their Bets

In other NCR Voyix news, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the transaction, the chief financial officer now owns 142,288 shares of the company's stock, valued at $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NCR Voyix news, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the transaction, the chief financial officer now owns 142,288 shares of the company's stock, valued at $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Schoch bought 21,692 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the transaction, the executive vice president now directly owns 101,671 shares in the company, valued at approximately $1,239,369.49. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,492 shares of company stock worth $577,993 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

NCR Voyix Price Performance

VYX stock traded down $0.07 during mid-day trading on Friday, hitting $13.70. The company had a trading volume of 933,087 shares, compared to its average volume of 2,240,939. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -4.08 and a beta of 1.63. NCR Voyix Co. has a 12-month low of $10.87 and a 12-month high of $18.04. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 102.52. The company has a 50-day moving average price of $13.09 and a 200 day moving average price of $12.99.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $876.00 million during the quarter, compared to analysts' expectations of $886.60 million. NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, research analysts anticipate that NCR Voyix Co. will post -1.44 earnings per share for the current year.

NCR Voyix Company 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.