Principal Financial Group Inc. Raises Position in NCR Voyix Co. (NYSE:VYX)

Principal Financial Group Inc. raised its stake in NCR Voyix Co. (NYSE:VYX - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,028 shares of the company's stock after purchasing an additional 23,552 shares during the period. Principal Financial Group Inc. owned about 0.49% of NCR Voyix worth $9,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in VYX. Truvestments Capital LLC purchased a new stake in shares of NCR Voyix during the 3rd quarter worth $25,000. KBC Group NV raised its holdings in NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock worth $99,000 after purchasing an additional 2,540 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in NCR Voyix during the third quarter worth approximately $136,000. Oppenheimer Asset Management Inc. lifted its position in shares of NCR Voyix by 27.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,173 shares of the company's stock worth $192,000 after buying an additional 3,060 shares during the last quarter. Finally, ASB Consultores LLC acquired a new position in shares of NCR Voyix in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 97.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, 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 research note on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.71.

NCR Voyix Stock Performance

Shares of VYX stock traded down $0.90 during trading hours on Monday, hitting $10.38. The stock had a trading volume of 2,982,605 shares, compared to its average volume of 1,504,130. The stock's 50 day moving average is $12.85 and its 200 day moving average is $13.34. The firm has a market capitalization of $1.52 billion, a PE ratio of 2.40 and a beta of 1.62. NCR Voyix Co. has a twelve month low of $10.36 and a twelve month 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.

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.