Systematic Financial Management LP Acquires 121,635 Shares of V2X, Inc. (NYSE:VVX)

Systematic Financial Management LP raised its stake in V2X, Inc. (NYSE:VVX - Free Report) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,121 shares of the company's stock after purchasing an additional 121,635 shares during the period. Systematic Financial Management LP owned approximately 1.27% of V2X worth $22,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC increased its position in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE increased its position in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company's stock worth $57,000 after purchasing an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company's stock valued at $60,000 after acquiring an additional 839 shares in the last quarter. nVerses Capital LLC acquired a new stake in V2X in the 3rd quarter valued at about $95,000. Finally, SG Americas Securities LLC acquired a new stake in V2X in the 3rd quarter valued at about $199,000. 95.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VVX shares. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price objective for the company. BTIG Research started coverage on shares of V2X in a research report on Monday, November 25th. They issued a "buy" rating and a $80.00 price objective for the company. JMP Securities raised their price objective on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 5th. Raymond James raised their target price on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Baird R W raised shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $72.17.

Insider Activity

In other V2X news, CEO Jeremy C. Wensinger purchased 6,250 shares of the firm's stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now owns 6,250 shares in the company, valued at $300,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William Boyd Noon acquired 1,000 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the transaction, the chief accounting officer now owns 10,931 shares of the company's stock, valued at $524,688. This trade represents a 10.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by company insiders.

V2X Stock Up 0.6 %

Shares of NYSE VVX traded up $0.35 during midday trading on Thursday, reaching $60.25. The company's stock had a trading volume of 232,366 shares, compared to its average volume of 125,243. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X, Inc. has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 213.94 and a beta of 0.55. The stock has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $53.62.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.73 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that V2X, Inc. will post 4.14 earnings per share for the current year.

V2X Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.