Analysts Set NCR Voyix Co. (NYSE:VYX) Price Target at $16.43

NCR Voyix Co. (NYSE:VYX) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat 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 target price among analysts that have covered the stock in the last year is $16.43.

VYX has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a report on Monday, October 14th. 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 target price for the company.

NCR Voyix Price Performance

Shares of NYSE VYX opened at $13.20 on Friday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 3.05 and a beta of 1.63. NCR Voyix has a fifty-two week low of $10.87 and a fifty-two week high of $15.98. The business has a 50-day moving average of $14.14 and a 200-day moving average of $13.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The firm had revenue of $711.00 million for the quarter, compared to the consensus estimate of $692.58 million. During the same quarter in the previous year, the business earned $0.77 EPS. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. As a group, sell-side analysts predict that NCR Voyix will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NCR Voyix

Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its position in NCR Voyix by 44.1% during the 3rd quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock valued at $2,427,000 after buying an additional 54,714 shares during the period. Luxor Capital Group LP raised its stake in shares of NCR Voyix by 88.9% during the third quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock valued at $2,061,000 after acquiring an additional 71,490 shares during the last quarter. Shapiro Capital Management LLC purchased a new stake in shares of NCR Voyix during the second quarter worth about $75,914,000. Mackenzie Financial Corp grew its stake in shares of NCR Voyix by 165.2% in the second quarter. Mackenzie Financial Corp now owns 206,550 shares of the company’s stock worth $2,551,000 after purchasing an additional 128,660 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of NCR Voyix by 20.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 784,224 shares of the company’s stock worth $9,685,000 after purchasing an additional 135,195 shares during the last quarter. 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.