NCR Voyix Co. (NYSE:VYX) Receives $16.43 Average PT from Analysts

NCR Voyix Co. (NYSE:VYX) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.43.

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price for the company. Royal Bank of Canada dropped their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. Finally, DA Davidson dropped their price target 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.

NCR Voyix Trading Up 1.4 %

Shares of NYSE VYX opened at $14.70 on Friday. NCR Voyix has a 1-year low of $10.87 and a 1-year high of $17.39. The business has a fifty day moving average price of $13.55 and a 200 day moving average price of $13.28. The stock has a market capitalization of $2.15 billion, a P/E ratio of 3.41 and a beta of 1.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. Equities research analysts expect that NCR Voyix will post -1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On NCR Voyix

A number of large investors have recently bought and sold shares of VYX. Truvestments Capital LLC purchased a new position in shares of NCR Voyix during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake 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 during the period. Mather Group LLC. purchased a new position in shares of NCR Voyix during the 2nd quarter valued at approximately $41,000. Bessemer Group Inc. acquired a new position in shares of NCR Voyix in the 1st quarter valued at $43,000. Finally, Nisa Investment Advisors LLC boosted its holdings in NCR Voyix by 61.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock worth $62,000 after buying an additional 1,903 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

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.