Franklin Resources Inc. Has $11.94 Million Stock Holdings in NCR Voyix Co. (NYSE:VYX)

Franklin Resources Inc. lifted its holdings in shares of NCR Voyix Co. (NYSE:VYX) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903,293 shares of the company’s stock after purchasing an additional 51,779 shares during the period. Franklin Resources Inc. owned 0.62% of NCR Voyix worth $11,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of NCR Voyix by 72.0% during the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock worth $25,000 after purchasing an additional 840 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in NCR Voyix by 1.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 70,300 shares of the company’s stock worth $954,000 after buying an additional 1,000 shares during the period. Arizona State Retirement System boosted its holdings in NCR Voyix by 4.1% in the second quarter. Arizona State Retirement System now owns 38,374 shares of the company’s stock worth $474,000 after acquiring an additional 1,509 shares in the last quarter. Inspire Investing LLC grew its stake in NCR Voyix by 5.6% in the third quarter. Inspire Investing LLC now owns 30,205 shares of the company’s stock valued at $410,000 after acquiring an additional 1,606 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of NCR Voyix during the third quarter valued at approximately $25,000. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Price Performance

Shares of NYSE:VYX opened at $13.93 on Friday. NCR Voyix Co. has a 1-year low of $10.87 and a 1-year high of $17.39. The stock has a market cap of $2.03 billion, a PE ratio of 3.22 and a beta of 1.64. The stock’s fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $13.46. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, analysts forecast that NCR Voyix Co. will post -0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VYX has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.43.

NCR Voyix 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.