NCR Voyix Co. (NYSE:VYX) Receives $16.43 Consensus Price Target from Brokerages

Shares of NCR Voyix Co. (NYSE:VYX) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.43.

A number of research analysts recently issued reports on the stock. DA Davidson decreased 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. Royal Bank of Canada decreased 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. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research report on Monday, October 14th. Finally, The Goldman Sachs Group assumed coverage on NCR Voyix in a research report on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price on the stock.

NCR Voyix Trading Up 2.3 %

NYSE:VYX opened at $13.07 on Tuesday. NCR Voyix has a fifty-two week low of $10.87 and a fifty-two week high of $17.39. The stock has a fifty day moving average price of $13.21 and a 200-day moving average price of $13.09.

NCR Voyix (NYSE:VYX) last released its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The firm had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. During the same period in the prior year, the business earned $0.73 earnings per share. NCR Voyix’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts expect that NCR Voyix will post -1.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the purchase, the chief financial officer now owns 142,288 shares of the company’s stock, valued at $1,637,734.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $13.41 per share, with a total value of $198,468.00. Following the completion of the purchase, the insider now owns 46,900 shares in the company, valued at $628,929. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian J. Webb-Walsh acquired 10,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $11.51 per share, with a total value of $115,100.00. Following the purchase, the chief financial officer now directly owns 142,288 shares in the company, valued at $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 46,492 shares of company stock valued at $577,993 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On NCR Voyix

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in NCR Voyix by 72.0% in the 2nd quarter. Blue Trust Inc. now owns 2,006 shares of the company’s stock valued at $25,000 after buying an additional 840 shares in the last quarter. Mather Group LLC. bought a new position in shares of NCR Voyix in the 2nd quarter worth $41,000. Bessemer Group Inc. acquired a new stake in NCR Voyix in the 1st quarter valued at $43,000. Nisa Investment Advisors LLC increased its stake in NCR Voyix by 61.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,003 shares of the company’s stock valued at $62,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in shares of NCR Voyix in the second quarter valued at $69,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

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.