Allspring Global Investments Holdings LLC Sells 27,711 Shares of NCR Voyix Co. (NYSE:VYX)

Allspring Global Investments Holdings LLC reduced its holdings in shares of NCR Voyix Co. (NYSE:VYX) by 73.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,800 shares of the company’s stock after selling 27,711 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NCR Voyix were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. bought a new position in shares of NCR Voyix in the first quarter worth about $216,302,000. Engaged Capital LLC boosted its holdings in shares of NCR Voyix by 7.7% in the second quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock valued at $77,632,000 after buying an additional 450,000 shares during the period. Shapiro Capital Management LLC acquired a new position in shares of NCR Voyix in the second quarter valued at approximately $75,914,000. First Pacific Advisors LP boosted its holdings in NCR Voyix by 31.3% during the second quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock worth $42,680,000 after purchasing an additional 824,008 shares during the last quarter. Finally, LSV Asset Management acquired a new position in NCR Voyix during the first quarter worth $39,433,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research report on Monday, October 14th. They set a “neutral” rating and a $14.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. Finally, DA Davidson reduced their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.43.

NCR Voyix Price Performance

Shares of VYX opened at $13.07 on Tuesday. The firm’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $13.09. The company has a market capitalization of $1.90 billion, a P/E ratio of -3.27 and a beta of 1.64. NCR Voyix Co. has a 1-year low of $10.87 and a 1-year high of $17.39.

NCR Voyix (NYSE:VYX) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the prior year, the business posted $0.73 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities analysts anticipate that NCR Voyix Co. will post -1.52 earnings per share for the current year.

Insider Buying and Selling at NCR Voyix

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

About NCR Voyix

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.