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

Shares of NCR Voyix Co. (NYSE:VYX) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.43.

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

NCR Voyix Trading Up 0.9 %

Shares of VYX opened at $14.48 on Friday. The stock’s fifty day simple moving average is $13.59 and its 200-day simple moving average is $13.31. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $2.11 billion, a PE ratio of 3.32 and a beta of 1.64. NCR Voyix has a 12-month low of $10.87 and a 12-month high of $17.39.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.23). The business had revenue of $711.00 million during 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 firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. As a group, research analysts predict that NCR Voyix will post -1.86 earnings per share for the current year.

Institutional Investors Weigh In On NCR Voyix

Several institutional investors have recently added to or reduced their stakes in VYX. Price T Rowe Associates Inc. MD bought a new stake in shares of NCR Voyix in the first quarter valued at about $1,646,000. Gamco Investors INC. ET AL bought a new stake in NCR Voyix in the 1st quarter valued at approximately $442,000. California State Teachers Retirement System acquired a new position in NCR Voyix during the 1st quarter worth approximately $1,689,000. SG Americas Securities LLC bought a new position in shares of NCR Voyix during the 2nd quarter worth approximately $842,000. Finally, Savant Capital LLC acquired a new stake in shares of NCR Voyix in the second quarter valued at approximately $536,000. 97.00% of the stock is owned by institutional investors.

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.