NCR Voyix (NYSE:VYX) Price Target Lowered to $11.00 at The Goldman Sachs Group

NCR Voyix (NYSE:VYX) had its price objective reduced by analysts at The Goldman Sachs Group from $13.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 11.00% from the stock’s previous close.

VYX has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of NCR Voyix in a research note on Tuesday, March 25th. Needham & Company LLC reduced their price objective on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

NCR Voyix Stock Performance

Shares of NYSE VYX traded up $0.05 during midday trading on Wednesday, hitting $9.91. The company’s stock had a trading volume of 593,816 shares, compared to its average volume of 1,845,371. The firm has a market cap of $1.38 billion, a P/E ratio of 2.29 and a beta of 1.56. NCR Voyix has a 1-year low of $9.53 and a 1-year high of $15.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The firm’s fifty day moving average price is $11.33 and its 200-day moving average price is $12.91.

Institutional Trading of NCR Voyix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Luxor Capital Group LP lifted its stake in NCR Voyix by 88.9% in the 3rd quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock worth $2,061,000 after acquiring an additional 71,490 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock worth $31,000 after purchasing an additional 1,423 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of NCR Voyix by 129.1% during the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock worth $1,140,000 after purchasing an additional 47,338 shares during the period. Charles Schwab Investment Management Inc. grew its position in NCR Voyix by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company’s stock valued at $38,006,000 after purchasing an additional 163,206 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in NCR Voyix by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company’s stock valued at $44,338,000 after buying an additional 86,709 shares during the period. 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.