NCR Voyix (NYSE:VYX) Issues Earnings Results

NCR Voyix (NYSE:VYX) announced its earnings results on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.23), Zacks reports. The business 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 company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Price Performance

VYX traded up $0.18 during trading hours on Friday, reaching $14.15. The company’s stock had a trading volume of 1,396,853 shares, compared to its average volume of 2,105,632. The business’s 50-day moving average is $13.22 and its 200-day moving average is $13.11. The stock has a market cap of $2.06 billion, a PE ratio of 3.23 and a beta of 1.64. NCR Voyix has a fifty-two week low of $10.87 and a fifty-two week high of $17.39.

Insider Buying and Selling at NCR Voyix

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

Analyst Ratings Changes

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

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.