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

Shares of NCR Voyix Co. (NYSE:VYX) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.67.

A number of research analysts recently commented on the company. Stephens boosted their price objective on shares of NCR Voyix from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of NCR Voyix in a report on Tuesday, March 25th. Needham & Company LLC cut their target price on NCR Voyix from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th.

Insider Transactions at NCR Voyix

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the transaction, the director now owns 52,203 shares of the company’s stock, valued at approximately $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VYX. Smartleaf Asset Management LLC boosted its position in shares of NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after purchasing an additional 1,423 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of NCR Voyix by 375.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company’s stock valued at $65,000 after acquiring an additional 5,252 shares during the period. Spire Wealth Management grew its position in shares of NCR Voyix by 20.7% during the first quarter. Spire Wealth Management now owns 7,930 shares of the company’s stock worth $77,000 after acquiring an additional 1,360 shares during the last quarter. KBC Group NV increased its holdings in shares of NCR Voyix by 55.1% in the 4th quarter. KBC Group NV now owns 7,148 shares of the company’s stock valued at $99,000 after acquiring an additional 2,540 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of NCR Voyix in the 1st quarter valued at $99,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Price Performance

Shares of NYSE:VYX traded up $0.44 during trading on Monday, reaching $11.79. The stock had a trading volume of 529,084 shares, compared to its average volume of 1,805,103. The business has a fifty day moving average price of $9.52 and a 200-day moving average price of $11.51. 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 stock has a market cap of $1.62 billion, a PE ratio of 2.73 and a beta of 1.65. NCR Voyix has a 1-year low of $7.55 and a 1-year high of $15.34.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $608.67 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s revenue was down 13.1% compared to the same quarter last year. On average, equities analysts forecast that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

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.