NCR Voyix (NYSE:VYX) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of NCR Voyix (NYSE:VYX) in a research note issued to investors on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $17.00 price objective on the stock.

Separately, Needham & Company LLC cut their price objective on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.67.

NCR Voyix Stock Up 4.5 %

NCR Voyix stock opened at $10.42 on Tuesday. 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 has a fifty-two week low of $9.53 and a fifty-two week high of $15.34. The firm has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $12.96. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 2.41 and a beta of 1.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Shapiro Capital Management LLC grew its position in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock worth $144,084,000 after buying an additional 956,177 shares in the last quarter. Greenhouse Funds LLLP grew its holdings in shares of NCR Voyix by 10.4% during the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock worth $115,327,000 after purchasing an additional 787,032 shares in the last quarter. Engaged Capital LLC grew its holdings in shares of NCR Voyix by 14.1% during the 3rd 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 in the last quarter. FMR LLC increased its position in shares of NCR Voyix by 9.1% during the third quarter. FMR LLC now owns 7,157,231 shares of the company’s stock valued at $97,124,000 after purchasing an additional 596,254 shares during the period. Finally, State Street Corp raised its stake in shares of NCR Voyix by 2.7% in the third quarter. State Street Corp now owns 5,749,678 shares of the company’s stock valued at $78,023,000 after purchasing an additional 152,525 shares in the last quarter. 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.