NCR Voyix (NYSE:VYX) Price Target Raised to $15.00 at Stephens

NCR Voyix (NYSE:VYX) had its price objective boosted by Stephens from $12.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also issued reports on VYX. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of NCR Voyix in a research note on Tuesday, March 25th. The Goldman Sachs Group lifted their price target on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC dropped their price target on shares of NCR Voyix from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.67.

NCR Voyix Trading Down 2.0%

NYSE VYX opened at $11.92 on Monday. The company’s fifty day simple moving average is $9.69 and its 200-day simple moving average is $11.50. NCR Voyix has a 52 week low of $7.55 and a 52 week high of $15.34. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.64 billion, a P/E ratio of 2.76 and a beta of 1.65.

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

Insider Buying and Selling at NCR Voyix

In other NCR Voyix news, Director Laura Sen bought 22,550 shares of the stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the purchase, the director now directly owns 52,203 shares in the company, valued at approximately $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Institutional Trading of NCR Voyix

Several institutional investors have recently added to or reduced their stakes in the business. Shapiro Capital Management LLC grew its position in shares of 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 acquiring an additional 956,177 shares during the last quarter. Greenhouse Funds LLLP grew its position in shares of NCR Voyix by 10.4% during the fourth quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock worth $115,327,000 after acquiring an additional 787,032 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of NCR Voyix by 25.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,331,556 shares of the company’s stock worth $71,483,000 after acquiring an additional 1,494,252 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of NCR Voyix by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock worth $64,953,000 after acquiring an additional 621,303 shares during the last quarter. Finally, First Pacific Advisors LP grew its position in shares of NCR Voyix by 6.9% during the first quarter. First Pacific Advisors LP now owns 3,702,391 shares of the company’s stock worth $36,098,000 after acquiring an additional 238,067 shares during the last quarter. 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.