NCR Voyix Co. (NYSE:VYX) Given Consensus Rating of “Moderate Buy” by Brokerages

NCR Voyix Co. (NYSE:VYX) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.43.

Several analysts recently commented on VYX shares. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research report on Monday, October 14th. The Goldman Sachs Group assumed coverage on shares of 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 Stock Down 0.8 %

VYX stock opened at $13.08 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of 3.03 and a beta of 1.63. 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 firm’s fifty day moving average is $14.12 and its 200 day moving average is $13.62. NCR Voyix has a one year low of $10.87 and a one year high of $15.98.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). The firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $692.58 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. On average, research analysts forecast that NCR Voyix will post -0.66 EPS for the current year.

Hedge Funds Weigh In On NCR Voyix

A number of institutional investors have recently bought and sold shares of the company. Engaged Capital LLC raised its stake in NCR Voyix by 14.1% during the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after purchasing an additional 885,000 shares during the period. FMR LLC raised its stake in shares of NCR Voyix by 9.1% in the 3rd quarter. FMR LLC now owns 7,157,231 shares of the company’s stock valued at $97,124,000 after acquiring an additional 596,254 shares during the period. Shapiro Capital Management LLC purchased a new stake in shares of NCR Voyix in the 2nd quarter valued at approximately $75,914,000. State Street Corp raised its stake in shares of NCR Voyix by 2.7% in the 3rd quarter. State Street Corp now owns 5,749,678 shares of the company’s stock valued at $78,023,000 after acquiring an additional 152,525 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of NCR Voyix by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,071,816 shares of the company’s stock valued at $55,255,000 after acquiring an additional 31,436 shares during the period. 97.00% of the stock is 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.