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

NCR Voyix Co. (NYSE:VYX) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.43.

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

NCR Voyix Stock Performance

Shares of VYX opened at $14.52 on Friday. The business’s fifty day simple moving average is $13.62 and its two-hundred day simple moving average is $13.33. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix has a 12 month low of $10.87 and a 12 month high of $17.39. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 3.36 and a beta of 1.64.

NCR Voyix (NYSE:VYX) last issued its earnings results 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 business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. Research analysts anticipate that NCR Voyix will post -1.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NCR Voyix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in NCR Voyix during the third quarter valued at $25,000. Blue Trust Inc. raised its holdings in NCR Voyix by 72.0% during the second quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after acquiring an additional 840 shares during the period. Mather Group LLC. bought a new stake in NCR Voyix during the second quarter valued at about $41,000. Bessemer Group Inc. bought a new stake in NCR Voyix during the first quarter valued at about $43,000. Finally, Nisa Investment Advisors LLC raised its holdings in NCR Voyix by 61.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after acquiring an additional 1,903 shares during the period. 97.00% of the stock is currently owned by hedge funds and other 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.