NCR Voyix's (VYX) Buy Rating Reaffirmed at Needham & Company LLC

NCR Voyix (NYSE:VYX - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $14.00 target price on the stock. Needham & Company LLC's price objective would suggest a potential upside of 105.19% from the stock's current price.

VYX has been the subject of a number of other research reports. Weiss Ratings raised shares of NCR Voyix from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, September 4th. Royal Bank Of Canada boosted their price objective on shares of NCR Voyix from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.40.

NCR Voyix Stock Performance

NYSE:VYX opened at $6.82 on Tuesday. The company has a market cap of $942.05 million, a price-to-earnings ratio of 17.06 and a beta of 1.40. NCR Voyix has a fifty-two week low of $6.02 and a fifty-two week high of $13.02. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.07. The stock has a fifty day moving average price of $8.10 and a 200-day moving average price of $7.48.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $523.00 million during the quarter, compared to the consensus estimate of $515.95 million. NCR Voyix had a return on equity of 11.23% and a net margin of 2.53%.NCR Voyix's revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. NCR Voyix has set its FY 2026 guidance at 0.890-0.920 EPS. As a group, equities analysts anticipate that NCR Voyix will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in NCR Voyix in the 2nd quarter valued at approximately $30,000. IFP Advisors Inc increased its position in NCR Voyix by 60,644.4% during the 2nd quarter. IFP Advisors Inc now owns 5,467 shares of the company's stock valued at $45,000 after purchasing an additional 5,458 shares during the period. Arizona State Retirement System raised its holdings in NCR Voyix by 6.0% during the 2nd quarter. Arizona State Retirement System now owns 38,357 shares of the company's stock worth $313,000 after purchasing an additional 2,174 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of NCR Voyix in the 2nd quarter worth approximately $208,000. Finally, HighTower Advisors LLC bought a new stake in shares of NCR Voyix in the 2nd quarter valued at $86,000. Institutional investors and hedge funds own 97.00% of the company's stock.

About NCR Voyix

NCR Voyix Corporation NYSE: VYX is a global technology company that provides digital commerce solutions to retailers, restaurants and financial institutions. Its software and services are designed to help businesses manage customer transactions, payments, operations and engagement across physical and digital channels.

The company's offerings include point-of-sale systems, self-checkout technology, payment processing, digital ordering, loyalty programs, inventory and workforce management tools, restaurant technology, and back-office solutions.