Brokerages Set NCR Voyix Co. (NYSE:VYX) Price Target at $16.43

NCR Voyix Co. (NYSE:VYX) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.43.

A number of research analysts have weighed in on VYX shares. DA Davidson cut their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group started coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 price target on the stock. 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, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a research note on Monday, October 14th.

Institutional Trading of NCR Voyix

Several institutional investors and hedge funds have recently modified their holdings of VYX. Vanguard Group Inc. purchased a new position in NCR Voyix during the 1st quarter worth $216,302,000. Engaged Capital LLC increased its stake in shares of NCR Voyix by 14.1% during the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after buying an additional 885,000 shares during the period. FMR LLC raised its holdings 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 valued at $97,124,000 after acquiring an additional 596,254 shares in the last quarter. Shapiro Capital Management LLC purchased a new stake in NCR Voyix in the second quarter worth about $75,914,000. Finally, State Street Corp lifted its stake in NCR Voyix by 2.7% in the third quarter. State Street Corp now owns 5,749,678 shares of the company’s stock worth $78,023,000 after acquiring an additional 152,525 shares during the period. Institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Up 1.4 %

Shares of NYSE VYX opened at $14.70 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix has a 12-month low of $10.87 and a 12-month high of $17.39. The firm’s 50-day moving average price is $13.55 and its 200-day moving average price is $13.28. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 3.41 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities research analysts anticipate that NCR Voyix will post -1.86 EPS for the current fiscal 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.