Analysts Set NCR Voyix Corporation (NYSE:VYX) Price Target at $15.57

NCR Voyix Corporation (NYSE:VYX) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.5714.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of NCR Voyix from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Zacks Research lowered shares of NCR Voyix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of NCR Voyix in a research report on Monday, December 8th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of NCR Voyix in a research note on Monday, September 29th. Finally, UBS Group set a $18.00 price target on shares of NCR Voyix in a report on Monday, September 29th.

Institutional Investors Weigh In On NCR Voyix

A number of hedge funds and other institutional investors have recently bought and sold shares of VYX. Contrarian Capital Management L.L.C. raised its holdings in NCR Voyix by 2.1% in the third quarter. Contrarian Capital Management L.L.C. now owns 48,000 shares of the company’s stock worth $602,000 after buying an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of NCR Voyix by 1.4% during the second quarter. State of Alaska Department of Revenue now owns 81,997 shares of the company’s stock valued at $961,000 after acquiring an additional 1,117 shares in the last quarter. Blue Trust Inc. lifted its position in NCR Voyix by 33.5% in the 3rd quarter. Blue Trust Inc. now owns 4,755 shares of the company’s stock valued at $60,000 after acquiring an additional 1,193 shares in the last quarter. Intech Investment Management LLC boosted its stake in NCR Voyix by 1.7% during the 2nd quarter. Intech Investment Management LLC now owns 73,821 shares of the company’s stock valued at $866,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of NCR Voyix by 3.4% in the 3rd quarter. Amalgamated Bank now owns 40,871 shares of the company’s stock worth $513,000 after purchasing an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Down 2.7%

VYX opened at $9.83 on Friday. The business’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $12.08. NCR Voyix has a 52 week low of $7.55 and a 52 week high of $15.31. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 1.30. The stock has a market cap of $1.36 billion, a PE ratio of -22.33 and a beta of 1.54.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Wednesday, April 13th. The company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $1.63 billion during the quarter. NCR Voyix had a positive return on equity of 5.08% and a negative net margin of 2.15%. As a group, research analysts expect that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

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.