NCR Voyix (NYSE:VYX) Price Target Raised to $15.00

NCR Voyix (NYSE:VYX) had its target price increased by Stephens from $12.00 to $15.00 in a report released on Monday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC lowered their price target on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 9th. The Goldman Sachs Group boosted their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of NCR Voyix in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

NCR Voyix Stock Performance

NYSE:VYX opened at $11.92 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $11.50. NCR Voyix has a twelve month low of $7.55 and a twelve month high of $15.34. The company has a market capitalization of $1.64 billion, a P/E ratio of 2.76 and a beta of 1.65.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $608.67 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, research analysts expect that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

Insider Activity at NCR Voyix

In other NCR Voyix news, Director Laura Sen purchased 22,550 shares of NCR Voyix stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $11.04 per share, with a total value of $248,952.00. Following the completion of the transaction, the director now directly owns 52,203 shares in the company, valued at approximately $576,321.12. This represents a 76.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VYX. Empowered Funds LLC lifted its position in NCR Voyix by 8.4% during the fourth quarter. Empowered Funds LLC now owns 625,284 shares of the company’s stock valued at $8,654,000 after buying an additional 48,598 shares in the last quarter. Entropy Technologies LP lifted its position in NCR Voyix by 19.0% during the fourth quarter. Entropy Technologies LP now owns 30,164 shares of the company’s stock valued at $417,000 after buying an additional 4,818 shares in the last quarter. Rhumbline Advisers lifted its position in NCR Voyix by 0.8% during the fourth quarter. Rhumbline Advisers now owns 455,806 shares of the company’s stock valued at $6,308,000 after buying an additional 3,669 shares in the last quarter. Principal Financial Group Inc. lifted its position in NCR Voyix by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 712,028 shares of the company’s stock valued at $9,854,000 after buying an additional 23,552 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in NCR Voyix by 6.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,239 shares of the company’s stock valued at $197,000 after buying an additional 871 shares in the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.

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.