NCR Voyix (NYSE:VYX) Issues Quarterly Earnings Results

NCR Voyix (NYSE:VYX) posted its earnings results on Thursday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23), Zacks reports. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same period last year, the business posted $0.77 EPS. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Stock Up 1.3 %

Shares of NYSE:VYX traded up $0.18 during midday trading on Friday, reaching $14.15. The company’s stock had a trading volume of 1,396,853 shares, compared to its average volume of 2,105,632. The firm has a market capitalization of $2.06 billion, a PE ratio of 3.23 and a beta of 1.64. The stock has a fifty day moving average of $13.22 and a 200 day moving average of $13.11. NCR Voyix has a twelve month low of $10.87 and a twelve month high of $17.39.

Insider Activity

In related news, EVP Eric Schoch bought 21,692 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $12.19 per share, with a total value of $264,425.48. Following the completion of the acquisition, the executive vice president now directly owns 101,671 shares in the company, valued at approximately $1,239,369.49. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Eric Schoch purchased 21,692 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares in the company, valued at $1,239,369.49. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James G. Kelly acquired 14,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $13.41 per share, with a total value of $198,468.00. Following the acquisition, the insider now directly owns 46,900 shares of the company’s stock, valued at $628,929. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

VYX has been the topic of several research reports. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. DA Davidson cut their price target on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NCR Voyix currently has an average rating of “Moderate Buy” and an average price target of $16.43.

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.