NCR Voyix’s (VYX) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of NCR Voyix (NYSE:VYX) in a report published on Tuesday,Benzinga reports. They currently have a $17.00 target price on the stock.

Separately, Needham & Company LLC lowered their price objective on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, NCR Voyix presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

NCR Voyix Stock Performance

NYSE:VYX opened at $9.95 on Tuesday. The firm has a 50-day moving average of $11.64 and a two-hundred day moving average of $12.99. 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 stock has a market cap of $1.38 billion, a P/E ratio of 2.30 and a beta of 1.56. NCR Voyix has a 1-year low of $9.53 and a 1-year high of $15.34.

Hedge Funds Weigh In On NCR Voyix

Large investors have recently modified their holdings of the stock. Shapiro Capital Management LLC raised its stake in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after buying an additional 956,177 shares in the last quarter. Greenhouse Funds LLLP increased its holdings in shares of NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after acquiring an additional 787,032 shares during the last quarter. Engaged Capital LLC raised its position in shares of NCR Voyix by 14.1% during the 3rd quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after acquiring an additional 885,000 shares in the last quarter. FMR LLC raised its position in shares of NCR Voyix by 9.1% during the 3rd 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. Finally, State Street Corp lifted its stake in NCR Voyix by 2.7% during the third quarter. State Street Corp now owns 5,749,678 shares of the company’s stock worth $78,023,000 after purchasing an additional 152,525 shares during the last quarter. Institutional investors 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.