NCR Voyix (NYSE:VYX) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

NCR Voyix (NYSE:VYXGet Free Report) released its quarterly earnings results on Thursday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23), Zacks reports. The firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $692.58 million. NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Stock Up 1.2 %

NCR Voyix stock traded up $0.17 during trading on Friday, reaching $14.14. The stock had a trading volume of 1,303,759 shares, compared to its average volume of 2,105,203. NCR Voyix has a 52-week low of $10.87 and a 52-week high of $17.39. The business has a 50 day moving average price of $13.22 and a 200 day moving average price of $13.11. The stock has a market cap of $2.06 billion, a PE ratio of 3.23 and a beta of 1.64.

Insider Buying and Selling at NCR Voyix

In other news, insider James G. Kelly bought 14,800 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the purchase, the insider now owns 46,900 shares in the company, valued at approximately $628,929. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NCR Voyix news, insider James G. Kelly bought 14,800 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $13.41 per share, with a total value of $198,468.00. Following the transaction, the insider now owns 46,900 shares of the company’s stock, valued at approximately $628,929. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Schoch purchased 21,692 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $12.19 per share, with a total value of $264,425.48. Following the completion of the acquisition, the executive vice president now directly owns 101,671 shares of the company’s stock, valued at $1,239,369.49. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada lowered their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a report on Monday, October 14th. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, October 14th. They set a “neutral” rating and a $14.00 target price on the stock. Finally, DA Davidson decreased their price target on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.43.

Read Our Latest Stock Analysis on NCR Voyix

About NCR Voyix

(Get Free Report)

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.

Further Reading

Earnings History for NCR Voyix (NYSE:VYX)

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