NCR Voyix’s (VYX) “Outperform” Rating Reiterated at Royal Bank of Canada

NCR Voyix (NYSE:VYX)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $17.00 price objective on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 69.41% from the stock’s current price.

Separately, Needham & Company LLC cut their target price on NCR Voyix from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average price target of $15.67.

NCR Voyix Stock Down 0.6 %

VYX traded down $0.07 during midday trading on Tuesday, reaching $10.04. 209,357 shares of the company were exchanged, compared to its average volume of 1,779,009. NCR Voyix has a one year low of $9.53 and a one year high of $15.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The company’s fifty day moving average price is $11.71 and its 200 day moving average price is $13.01. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 2.32 and a beta of 1.56.

Hedge Funds Weigh In On NCR Voyix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of NCR Voyix by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 1,216,361 shares of the company’s stock valued at $16,834,000 after buying an additional 25,129 shares during the period. Neo Ivy Capital Management purchased a new stake in NCR Voyix in the 4th quarter worth approximately $587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NCR Voyix by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,131 shares of the company’s stock valued at $4,970,000 after purchasing an additional 54,387 shares during the period. Union Square Park Capital Management LLC purchased a new position in shares of NCR Voyix during the 4th quarter valued at $2,768,000. Finally, Wolverine Trading LLC increased its holdings in shares of NCR Voyix by 58.1% in the fourth quarter. Wolverine Trading LLC now owns 39,313 shares of the company’s stock worth $541,000 after purchasing an additional 14,447 shares during the period. Institutional investors own 97.00% of the company’s stock.

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.