Analysts Set NCR Voyix Co. (NYSE:VYX) PT at $16.43

NCR Voyix Co. (NYSE:VYX) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com 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 price target among brokers that have updated their coverage on the stock in the last year is $16.43.

A number of research firms have commented on VYX. Needham & Company LLC reaffirmed 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 report on Monday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. DA Davidson decreased their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in NCR Voyix during the 3rd quarter valued at approximately $25,000. Blue Trust Inc. increased its position in NCR Voyix by 72.0% during the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after buying an additional 840 shares in the last quarter. Mather Group LLC. bought a new position in NCR Voyix during the 2nd quarter valued at approximately $41,000. Bessemer Group Inc. bought a new position in NCR Voyix during the 1st quarter valued at approximately $43,000. Finally, Nisa Investment Advisors LLC increased its position in NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after buying an additional 1,903 shares in the last quarter. Institutional investors own 97.00% of the company’s stock.

NCR Voyix Trading Up 0.2 %

VYX opened at $14.52 on Friday. The business has a 50 day simple moving average of $13.62 and a two-hundred day simple moving average of $13.33. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 3.36 and a beta of 1.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. NCR Voyix has a one year low of $10.87 and a one year high of $17.39.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). The business had revenue of $711.00 million for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $0.77 EPS. Analysts predict that NCR Voyix will post -1.86 EPS 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.