NCR Voyix (NYSE:VYX) Now Covered by Stephens

Stephens assumed coverage on shares of NCR Voyix (NYSE:VYX) in a report issued on Friday, MarketBeat reports. The brokerage issued an equal weight rating and a $12.00 target price on the stock.

VYX has been the topic of a number of other research reports. Weiss Ratings upgraded NCR Voyix from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Royal Bank Of Canada lifted their price objective on NCR Voyix from $10.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of NCR Voyix in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of NCR Voyix from $9.75 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

NCR Voyix Stock Up 5.3%

Shares of NCR Voyix stock opened at $10.49 on Friday. The stock’s fifty day moving average is $7.98 and its 200-day moving average is $7.81. NCR Voyix has a 12-month low of $6.02 and a 12-month high of $11.31. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.43 billion, a PE ratio of 14.78 and a beta of 1.40.

NCR Voyix (NYSE:VYX) last announced its earnings results on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $539.00 million for the quarter, compared to the consensus estimate of $538.85 million. NCR Voyix had a net margin of 4.48% and a return on equity of 11.38%. The company’s revenue was down 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Equities analysts anticipate that NCR Voyix will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On NCR Voyix

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in shares of NCR Voyix during the second quarter worth $8,510,000. BlackRock Inc. acquired a new position in shares of NCR Voyix during the second quarter worth $184,310,000. Masters Capital Management LLC increased its holdings in shares of NCR Voyix by 16.7% during the first quarter. Masters Capital Management LLC now owns 3,500,000 shares of the company’s stock worth $22,155,000 after buying an additional 500,000 shares in the last quarter. First Trust Advisors LP bought a new position in shares of NCR Voyix in the 1st quarter valued at $925,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of NCR Voyix in the 2nd quarter valued at $3,763,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

About NCR Voyix

NCR Voyix Corporation provides software, technology and services to retailers and restaurants. Its offerings include point-of-sale systems, self-service checkout and ordering, payment solutions, and software that helps businesses manage operations and customer experiences across in-store and digital channels. The company was formed in 2023 when NCR Corporation separated its ATM-focused business into NCR Atleos and renamed the remaining company NCR Voyix. NCR Voyix later divested its digital banking business, sharpening its focus on retail and restaurant technology.