Needham & Company LLC Cuts NCR Voyix (NYSE:VYX) Price Target to $15.00

NCR Voyix (NYSE:VYX) had its target price reduced by investment analysts at Needham & Company LLC from $20.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 30.49% from the stock’s current price.

NCR Voyix Price Performance

VYX stock opened at $11.50 on Friday. The business’s 50-day moving average is $12.90 and its two-hundred day moving average is $13.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a market capitalization of $1.68 billion, a P/E ratio of 2.66 and a beta of 1.62. NCR Voyix has a 1 year low of $10.87 and a 1 year high of $15.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC lifted its position in shares of NCR Voyix by 10.1% during the 4th quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock worth $144,084,000 after purchasing an additional 956,177 shares during the last quarter. Engaged Capital LLC lifted its holdings in NCR Voyix by 14.1% during the 3rd quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after buying an additional 885,000 shares during the last quarter. Greenhouse Funds LLLP increased its holdings in shares of NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after acquiring an additional 787,032 shares during the last quarter. Philosophy Capital Management LLC raised its position in shares of NCR Voyix by 28.6% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,094,733 shares of the company’s stock worth $41,996,000 after acquiring an additional 688,684 shares in the last quarter. Finally, Boston Partners lifted its stake in NCR Voyix by 966.8% during the fourth quarter. Boston Partners now owns 732,480 shares of the company’s stock worth $10,131,000 after purchasing an additional 663,821 shares during the last quarter. Institutional investors and hedge funds 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.