AQR Capital Management LLC Sells 1,327,456 Shares of NCR Voyix Co. (NYSE:VYX)

AQR Capital Management LLC lessened its holdings in NCR Voyix Co. (NYSE:VYX) by 39.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,012,265 shares of the company’s stock after selling 1,327,456 shares during the quarter. AQR Capital Management LLC’s holdings in NCR Voyix were worth $24,711,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new position in shares of NCR Voyix in the 1st quarter valued at $2,196,000. SYSTM Wealth Solutions LLC acquired a new position in shares of NCR Voyix in the first quarter valued at approximately $46,000. Yousif Capital Management LLC bought a new position in NCR Voyix in the 1st quarter valued at approximately $761,000. Crescent Grove Advisors LLC acquired a new stake in NCR Voyix during the 1st quarter worth approximately $37,539,000. Finally, Principal Financial Group Inc. acquired a new position in NCR Voyix in the 1st quarter valued at approximately $8,739,000. 97.00% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Brian J. Webb-Walsh acquired 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, for a total transaction of $115,100.00. Following the completion of the acquisition, the chief financial officer now owns 142,288 shares in the company, valued at $1,637,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brian J. Webb-Walsh purchased 10,000 shares of NCR Voyix stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the purchase, the chief financial officer now directly owns 142,288 shares of the company’s stock, valued at approximately $1,637,734.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric Schoch purchased 21,692 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the purchase, the executive vice president now owns 101,671 shares in the company, valued at $1,239,369.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 46,492 shares of company stock valued at $577,993. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. DA Davidson cut their price objective on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Stifel Nicolaus assumed coverage on shares of NCR Voyix in a research report on Wednesday, June 12th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.43.

NCR Voyix Price Performance

Shares of NYSE:VYX opened at $13.72 on Monday. The stock has a market cap of $1.99 billion, a P/E ratio of -4.08 and a beta of 1.63. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 102.52. The company has a 50 day moving average of $13.19 and a 200 day moving average of $12.95. NCR Voyix Co. has a 12 month low of $10.87 and a 12 month high of $18.04.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The firm had revenue of $876.00 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter last year, the company posted $0.73 earnings per share. NCR Voyix’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that NCR Voyix Co. will post -1.44 EPS for the current fiscal year.

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.