Stephens Initiates Coverage on NCR Voyix (NYSE:VYX)

Stock analysts at Stephens began coverage on shares of NCR Voyix (NYSE:VYX - Get Free Report) in a report released on Friday, Benzinga reports. The brokerage set an "equal weight" rating and a $12.00 price target on the stock. Stephens's price objective suggests a potential upside of 19.88% from the company's current price.

A number of other brokerages have also weighed in on VYX. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price objective on shares of NCR Voyix in a report on Tuesday, September 29th. Royal Bank Of Canada raised their target price on NCR Voyix from $10.00 to $13.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of NCR Voyix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their target price on shares of NCR Voyix from $9.75 to $8.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.17.

NCR Voyix Stock Performance

NYSE VYX opened at $10.01 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 1.16. The business's 50 day moving average is $7.95 and its two-hundred 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 stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.10 and a beta of 1.40.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.04. The business had revenue of $539.00 million during the quarter, compared to the consensus estimate of $538.85 million. NCR Voyix had a return on equity of 11.38% and a net margin of 4.48%. The company's revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. Research analysts expect that NCR Voyix will post 0.68 EPS for the current year.

Institutional Investors Weigh In On NCR Voyix

A number of institutional investors and hedge funds have recently modified their holdings of VYX. Integrated Wealth Concepts LLC purchased a new position in NCR Voyix in the 2nd quarter valued at approximately $30,000. IFP Advisors Inc boosted its position in NCR Voyix by 60,644.4% during the second quarter. IFP Advisors Inc now owns 5,467 shares of the company's stock worth $45,000 after purchasing an additional 5,458 shares in the last quarter. Global Retirement Partners LLC grew its holdings in NCR Voyix by 376.6% in the third quarter. Global Retirement Partners LLC now owns 7,087 shares of the company's stock valued at $48,000 after purchasing an additional 5,600 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in NCR Voyix in the second quarter valued at $52,000. Finally, CenterBook Partners LP purchased a new position in shares of NCR Voyix in the third quarter valued at $78,000. 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.

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