Alliancebernstein L.P. Sells 277,015 Shares of NCR Voyix Co. (NYSE:VYX)

Alliancebernstein L.P. lessened its stake in shares of NCR Voyix Co. (NYSE:VYX) by 60.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,320 shares of the company’s stock after selling 277,015 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of NCR Voyix worth $2,537,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VYX. Smartleaf Asset Management LLC grew its stake in shares of NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock worth $31,000 after acquiring an additional 1,423 shares in the last quarter. KBC Group NV raised its position in shares of NCR Voyix by 55.1% in the fourth quarter. KBC Group NV now owns 7,148 shares of the company’s stock valued at $99,000 after purchasing an additional 2,540 shares during the period. Xponance Inc. purchased a new stake in shares of NCR Voyix during the fourth quarter worth $146,000. Cibc World Markets Corp bought a new position in NCR Voyix in the 4th quarter worth about $188,000. Finally, Magnetar Financial LLC bought a new position in shares of NCR Voyix in the fourth quarter valued at approximately $189,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Stock Down 3.8 %

VYX opened at $7.88 on Thursday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 1.82 and a beta of 1.49. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. NCR Voyix Co. has a twelve month low of $7.67 and a twelve month high of $15.34. The firm has a 50 day moving average price of $10.28 and a 200-day moving average price of $12.47.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC reduced their target price on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of NCR Voyix in a research report on Tuesday, March 25th. Finally, The Goldman Sachs Group decreased their target price on shares of NCR Voyix from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.17.

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.