Marshall Wace LLP Cuts Holdings in NCR Voyix Co. (NYSE:VYX)

Marshall Wace LLP reduced its position in NCR Voyix Co. (NYSE:VYX - Free Report) by 90.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,293 shares of the company's stock after selling 434,412 shares during the quarter. Marshall Wace LLP's holdings in NCR Voyix were worth $572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in NCR Voyix by 72.0% in the second quarter. Blue Trust Inc. now owns 2,006 shares of the company's stock valued at $25,000 after buying an additional 840 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of NCR Voyix in the 2nd quarter valued at approximately $41,000. Bessemer Group Inc. bought a new stake in shares of NCR Voyix during the 1st quarter valued at approximately $43,000. Nisa Investment Advisors LLC increased its position in NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company's stock worth $62,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in NCR Voyix during the 2nd quarter worth approximately $69,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on VYX. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of NCR Voyix in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their target price on NCR Voyix from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. DA Davidson dropped their target price on NCR Voyix from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus initiated coverage on NCR Voyix in a report on Wednesday, June 12th. They set a "buy" rating and a $16.00 price target on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NCR Voyix presently has a consensus rating of "Moderate Buy" and an average price target of $16.43.

NCR Voyix Trading Down 2.9 %

Shares of NYSE VYX traded down $0.39 during trading on Thursday, reaching $13.14. The company had a trading volume of 1,329,384 shares, compared to its average volume of 2,215,030. The stock has a market cap of $1.91 billion, a P/E ratio of -4.03 and a beta of 1.63. The company's fifty day moving average price is $13.01 and its 200-day moving average price is $12.99. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 102.52. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $18.04.

NCR Voyix (NYSE:VYX - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The firm had revenue of $876.00 million for the quarter, compared to analyst estimates of $886.60 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. As a group, research analysts expect that NCR Voyix Co. will post -1.44 earnings per share for the current year.

Insider Buying and Selling

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

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.