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

Shares of NCR Voyix Co. (NYSE:VYX) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One 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 analysts that have issued a report on the stock in the last year is $16.43.

A number of research firms have issued reports on VYX. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research report on Monday, October 14th. The Goldman Sachs Group initiated coverage on NCR Voyix in a research note on Monday, October 14th. They issued a “neutral” rating and a $14.00 price objective on the stock.

Institutional Investors Weigh In On NCR Voyix

Several institutional investors and hedge funds have recently modified their holdings of VYX. Engaged Capital LLC lifted its holdings in NCR Voyix by 14.1% in 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 in the last quarter. FMR LLC lifted its stake in shares of NCR Voyix by 9.1% in the third quarter. FMR LLC now owns 7,157,231 shares of the company’s stock worth $97,124,000 after acquiring an additional 596,254 shares in the last quarter. Shapiro Capital Management LLC purchased a new position in NCR Voyix in the second quarter valued at about $75,914,000. State Street Corp grew its stake in NCR Voyix by 2.7% during the 3rd quarter. State Street Corp now owns 5,749,678 shares of the company’s stock valued at $78,023,000 after purchasing an additional 152,525 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in NCR Voyix by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,071,816 shares of the company’s stock worth $55,255,000 after purchasing an additional 31,436 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Performance

NYSE VYX opened at $13.93 on Wednesday. The company has a market cap of $2.03 billion, a P/E ratio of 3.22 and a beta of 1.64. NCR Voyix has a 12 month low of $10.87 and a 12 month high of $17.39. 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 company has a 50-day moving average of $13.93 and a 200-day moving average of $13.46.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities analysts predict that NCR Voyix will post -0.66 earnings per share for the current year.

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.