NCR Voyix’s (VYX) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of NCR Voyix (NYSE:VYX) in a report released on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a $17.00 target price on the stock.

Separately, Needham & Company LLC cut their target price on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

NCR Voyix Price Performance

Shares of VYX opened at $10.42 on Tuesday. The business’s 50-day moving average is $11.52 and its 200-day moving average is $12.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 2.41 and a beta of 1.56. NCR Voyix has a fifty-two week low of $9.53 and a fifty-two week high of $15.34.

Hedge Funds Weigh In On NCR Voyix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VYX. Truvestments Capital LLC acquired a new position in shares of NCR Voyix during the 3rd quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after buying an additional 1,423 shares in the last quarter. KBC Group NV raised its holdings in NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company’s stock valued at $99,000 after buying an additional 2,540 shares in the last quarter. Xponance Inc. acquired a new stake in shares of NCR Voyix in the fourth quarter worth about $146,000. Finally, Cibc World Markets Corp bought a new stake in shares of NCR Voyix during the 4th quarter worth about $188,000. Institutional investors own 97.00% of the company’s stock.

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.