Crescent Grove Advisors LLC Reduces Stake in NCR Voyix Co. (NYSE:VYX)

Crescent Grove Advisors LLC has reduced its shareholding in NCR Voyix Co. (NYSE:VYX) by 4.9% during the fourth quarter, as indicated in its recent 13F filing with the Securities and Exchange Commission. Following the sale of 30,066 shares, the fund now holds 585,675 shares in NCR Voyix, which accounts for approximately 0.40% of the company. The total value of this stake is reported to be around $8,106,000 according to their latest SEC filing.

Other significant investors have also adjusted their positions in NCR Voyix. Harbor Capital Advisors Inc. increased its holdings by 3.5% in the fourth quarter, now owning 1,020,401 shares valued at $14,122,000 after acquiring an additional 34,547 shares. Similarly, Principal Financial Group Inc. grew its stake by 0.5% in the third quarter, totaling 688,476 shares worth $9,343,000 after buying 3,269 more shares.

Franklin Resources Inc. raised its stake in NCR Voyix by 6.1% in the third quarter, now holding 903,293 shares valued at $11,942,000 after purchasing an extra 51,779 shares. Geode Capital Management LLC also saw a 2.7% increase in its holdings during the same period, bringing its total to 3,266,734 shares valued at $44,338,000 after an addition of 86,709 shares.

Barclays PLC made a significant move by lifting its position in NCR Voyix by 149.5% in the third quarter, owning now 668,816 shares worth $9,075,000 following the acquisition of 400,734 additional shares. Together, institutional investors control 97.00% of the stock in NCR Voyix.

NCR Voyix Stock Performance

On the trading day, NCR Voyix shares opened at $12.63. The company's market capitalization stands at $1.84 billion, alongside a price-to-earnings ratio of 2.92 and a beta of 1.63. NCR Voyix has observed a low of $10.87 and a high of $15.98 over the past twelve months. Its current ratio is 1.20, a quick ratio of 1.06, and a debt-to-equity ratio of 1.09. The 50-day simple moving average for the stock is $13.96, while the 200-day simple moving average is $13.60.

NCR Voyix recently announced its earnings results on November 7th. The company reported a loss of ($0.24) per share for the quarter, falling short of analysts' expectations which were set at ($0.01). The total revenue for the quarter was reported at $711.00 million, surpassing analyst expectations of $692.58 million. Despite this, NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. Accounting for a year-over-year comparison, the revenue declined by 12.1%. Previously, the same quarter recorded an earning of $0.77 per share. Analysts predict NCR Voyix Co. will report earnings of -0.66 per share for the current year.

Recent Analyst Ratings

A number of brokerage firms have recently provided their insights regarding NCR Voyix. Needham & Company LLC has reiterated a "buy" rating while setting a target price of $20.00 in a report dated October 14th. The Goldman Sachs Group has also initiated coverage of NCR Voyix, assigning a "neutral" rating alongside a price objective of $14.00. Presently, one equity research analyst has placed a hold rating on the stock, while six analysts recommend buying the shares, resulting in a consensus rating categorized as "Moderate Buy" with an average price target of $16.43.

About NCR Voyix

NCR Voyix Corporation is recognized for its diverse offerings in various software and services across multiple regions including the United States, the Americas, Asia Pacific, Europe, the Middle East, and Africa. The operations are segmented into three main areas: Retail, Restaurants, and Digital Banking. NCR Voyix extends a range of software, services, hardware, and digital banking solutions targeted at both consumer and business clients within financial institutions.

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