NCR Voyix Co. (NYSE:VYX) Receives Average Rating of “Moderate Buy” from Brokerages

NCR Voyix Co. (NYSE:VYX) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment 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 analysts that have issued a report on the stock in the last year is $16.43.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. DA Davidson lowered their price objective on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a report on Wednesday, August 7th. Stifel Nicolaus initiated coverage on NCR Voyix in a research report on Wednesday, June 12th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Stephens reaffirmed an “overweight” rating and issued a $16.00 price objective on shares of NCR Voyix in a research report on Monday, May 13th.

NCR Voyix Price Performance

Shares of NYSE VYX opened at $13.08 on Thursday. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.93 and a quick ratio of 0.73. The business has a 50-day moving average of $13.22 and a 200-day moving average of $13.18. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -3.88 and a beta of 1.64. NCR Voyix has a fifty-two week low of $10.87 and a fifty-two week high of $19.01.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). NCR Voyix had a negative net margin of 7.88% and a positive return on equity of 27.60%. The company had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that NCR Voyix will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at NCR Voyix

In other news, EVP Eric Schoch bought 21,692 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares of the company’s stock, valued at $1,239,369.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NCR Voyix news, EVP Eric Schoch bought 21,692 shares of NCR Voyix stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares in the company, valued at approximately $1,239,369.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian J. Webb-Walsh purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the purchase, the chief financial officer now directly owns 142,288 shares of the company’s stock, valued at approximately $1,637,734.88. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hanson & Doremus Investment Management acquired a new stake in NCR Voyix during the first quarter worth approximately $84,000. Fifth Third Bancorp bought a new stake in shares of NCR Voyix during the 1st quarter valued at $43,000. Louisiana State Employees Retirement System acquired a new stake in shares of NCR Voyix during the 1st quarter worth $839,000. New York State Teachers Retirement System bought a new position in shares of NCR Voyix in the first quarter worth $2,196,000. Finally, SYSTM Wealth Solutions LLC bought a new stake in NCR Voyix during the first quarter worth about $46,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.