NCR Voyix Co. (NYSE:VYX) Receives $16.43 Consensus PT from Brokerages

NCR Voyix Co. (NYSE:VYX) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.43.

A number of brokerages have recently weighed in on VYX. DA Davidson lowered their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research report on Monday, October 14th. Royal Bank of Canada dropped their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group began coverage on NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock.

NCR Voyix Trading Down 2.6 %

Shares of NYSE:VYX opened at $12.81 on Tuesday. The firm has a market capitalization of $1.86 billion, a PE ratio of -3.20 and a beta of 1.63. NCR Voyix has a 1-year low of $10.87 and a 1-year high of $17.39. The business’s 50 day moving average is $13.22 and its 200-day moving average is $13.07.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The business had revenue of $876.00 million during the quarter, compared to analyst estimates of $886.60 million. During the same period last year, the company earned $0.73 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, sell-side analysts predict that NCR Voyix will post -1.52 EPS for the current year.

Insider Buying and Selling at NCR Voyix

In related news, insider James G. Kelly purchased 14,800 shares of the stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $13.41 per share, with a total value of $198,468.00. Following the purchase, the insider now directly owns 46,900 shares in the company, valued at $628,929. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, insider James G. Kelly acquired 14,800 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the transaction, the insider now directly owns 46,900 shares in the company, valued at approximately $628,929. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian J. Webb-Walsh bought 10,000 shares of NCR Voyix stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the acquisition, the chief financial officer now owns 142,288 shares of the company’s stock, valued at approximately $1,637,734.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 46,492 shares of company stock valued at $577,993. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of NCR Voyix

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in shares of NCR Voyix during the first quarter worth $216,302,000. Engaged Capital LLC increased its holdings in NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock worth $77,632,000 after purchasing an additional 450,000 shares in the last quarter. Shapiro Capital Management LLC acquired a new stake in shares of NCR Voyix in the 2nd quarter valued at about $75,914,000. First Pacific Advisors LP lifted its holdings in shares of NCR Voyix by 31.3% in the second quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after purchasing an additional 824,008 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NCR Voyix during the first quarter worth about $39,433,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.