River Road Asset Management LLC Sells 835,002 Shares of NCR Voyix Co. (NYSE:VYX)

River Road Asset Management LLC cut its holdings in NCR Voyix Co. (NYSE:VYX - Free Report) by 24.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,561,892 shares of the company's stock after selling 835,002 shares during the period. River Road Asset Management LLC owned approximately 1.76% of NCR Voyix worth $34,765,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in NCR Voyix during the first quarter worth about $514,000. Mutual of America Capital Management LLC bought a new position in NCR Voyix in the 1st quarter valued at about $292,000. Easterly Investment Partners LLC bought a new position in NCR Voyix in the 1st quarter valued at about $631,000. Texas Permanent School Fund Corp bought a new position in NCR Voyix in the 1st quarter valued at about $1,458,000. Finally, Duality Advisers LP bought a new position in NCR Voyix in the 1st quarter valued at about $759,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Trading Up 2.0 %

NYSE:VYX traded up $0.25 during mid-day trading on Tuesday, hitting $13.33. 1,539,352 shares of the company's stock were exchanged, compared to its average volume of 2,107,867. The company has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $13.09. NCR Voyix Co. has a fifty-two week low of $10.87 and a fifty-two week high of $17.39. The firm has a market capitalization of $1.94 billion, a P/E ratio of -3.27 and a beta of 1.64.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its 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 business had revenue of $876.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, analysts expect that NCR Voyix Co. will post -1.52 earnings per share for the current year.

Insider Transactions at NCR Voyix

In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price 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 approximately $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price 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 approximately $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider now directly owns 46,900 shares in the company, valued at $628,929. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 46,492 shares of company stock worth $577,993. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VYX. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of NCR Voyix in a report on Monday, October 14th. Royal Bank of Canada decreased their price target on shares of NCR Voyix from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. DA Davidson decreased their price target on shares of NCR Voyix from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Finally, The Goldman Sachs Group initiated coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a "neutral" rating and a $14.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, NCR Voyix currently has a consensus rating of "Moderate Buy" and an average price target of $16.43.

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.