NCR Voyix Co. (NYSE:VYX) Given Average Rating of “Moderate Buy” by Brokerages

NCR Voyix Co. (NYSE:VYX) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.43.

Several brokerages recently weighed in on VYX. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th.

Institutional Investors Weigh In On NCR Voyix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Shapiro Capital Management LLC purchased a new position in shares of NCR Voyix in the second quarter worth $75,914,000. Engaged Capital LLC raised its holdings in shares of NCR Voyix by 14.1% in the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after buying an additional 885,000 shares during the last quarter. Philosophy Capital Management LLC raised its holdings in shares of NCR Voyix by 28.6% in the third quarter. Philosophy Capital Management LLC now owns 3,094,733 shares of the company’s stock worth $41,996,000 after buying an additional 688,684 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of NCR Voyix by 37.8% in the third quarter. Private Management Group Inc. now owns 2,316,872 shares of the company’s stock worth $31,440,000 after buying an additional 635,062 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of NCR Voyix by 9.1% during the third quarter. FMR LLC now owns 7,157,231 shares of the company’s stock worth $97,124,000 after purchasing an additional 596,254 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Price Performance

Shares of NYSE VYX opened at $13.08 on Friday. NCR Voyix has a twelve month low of $10.87 and a twelve month high of $15.98. The firm has a market cap of $1.91 billion, a P/E ratio of 3.03 and a beta of 1.63. The company has a 50 day moving average of $14.12 and a 200 day moving average of $13.62. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

NCR Voyix (NYSE:VYX) last posted its earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The company had revenue of $711.00 million during the quarter, compared to the consensus estimate of $692.58 million. During the same period last year, the firm posted $0.77 EPS. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, research analysts expect that NCR Voyix will post -0.66 EPS 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.