NCR Voyix Co. (NYSE:VYX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NCR Voyix Co. (NYSE:VYX) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.43.

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

Institutional Trading of NCR Voyix

Several institutional investors have recently added to or reduced their stakes in VYX. Blue Trust Inc. lifted its holdings in shares of NCR Voyix by 72.0% during the second quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock worth $25,000 after buying an additional 840 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in NCR Voyix by 1.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 70,300 shares of the company’s stock worth $954,000 after purchasing an additional 1,000 shares in the last quarter. Arizona State Retirement System boosted its holdings in NCR Voyix by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 38,374 shares of the company’s stock valued at $474,000 after purchasing an additional 1,509 shares during the period. Inspire Investing LLC grew its position in shares of NCR Voyix by 5.6% during the 3rd quarter. Inspire Investing LLC now owns 30,205 shares of the company’s stock worth $410,000 after purchasing an additional 1,606 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of NCR Voyix during the third quarter worth approximately $25,000. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Stock Performance

VYX opened at $14.48 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The business’s 50-day simple moving average is $13.59 and its 200 day simple moving average is $13.31. 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 52-week low of $10.87 and a 52-week high of $17.39.

NCR Voyix (NYSE:VYX) last released its quarterly earnings data 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 net margin of 19.08% and a negative return on equity of 47.67%. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. During the same period in the previous year, the company posted $0.77 EPS. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that NCR Voyix will post -1.86 earnings per share for the current fiscal year.

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.