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

Shares of NCR Voyix Co. (NYSE:VYX) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.43.

VYX has been the topic of several recent analyst reports. The Goldman Sachs Group started coverage on NCR Voyix in a research report on Monday, October 14th. They set a “neutral” rating and a $14.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a report on Monday, October 14th.

NCR Voyix Price Performance

Shares of NYSE VYX opened at $13.13 on Friday. The stock has a fifty day moving average price of $14.17 and a 200 day moving average price of $13.61. NCR Voyix has a 1-year low of $10.87 and a 1-year high of $15.98. 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 market cap of $1.92 billion, a PE ratio of 3.04 and a beta of 1.63.

NCR Voyix (NYSE:VYX) last released its earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue was down 12.1% on a year-over-year basis. Sell-side analysts forecast that NCR Voyix will post -0.66 EPS for the current year.

Institutional Trading of NCR Voyix

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in shares of NCR Voyix by 3.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,020,401 shares of the company’s stock worth $14,122,000 after purchasing an additional 34,547 shares in the last quarter. Principal Financial Group Inc. grew its holdings in NCR Voyix by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 688,476 shares of the company’s stock valued at $9,343,000 after buying an additional 3,269 shares during the last quarter. Franklin Resources Inc. increased its position in NCR Voyix by 6.1% during the third quarter. Franklin Resources Inc. now owns 903,293 shares of the company’s stock worth $11,942,000 after buying an additional 51,779 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NCR Voyix by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company’s stock worth $44,338,000 after acquiring an additional 86,709 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of NCR Voyix by 149.5% in the third quarter. Barclays PLC now owns 668,816 shares of the company’s stock valued at $9,075,000 after acquiring an additional 400,734 shares in the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

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.