NCR Voyix Co. (NYSE:VYX) Receives $14.67 Average PT from Brokerages

Shares of NCR Voyix Co. (NYSE:VYX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.40.

A number of brokerages have issued reports on VYX. Stephens raised their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday. Needham & Company LLC cut their target price on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group raised their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 target price on shares of NCR Voyix in a report on Tuesday, March 25th.

NCR Voyix Stock Down 1.0%

NYSE:VYX traded down $0.12 during mid-day trading on Monday, reaching $11.80. The stock had a trading volume of 968,422 shares, compared to its average volume of 1,804,746. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2.73 and a beta of 1.65. NCR Voyix has a 1-year low of $7.55 and a 1-year high of $15.34. The stock's 50 day simple moving average is $9.76 and its two-hundred day simple moving average is $11.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The firm had revenue of $617.00 million for the quarter, compared to analysts' expectations of $608.67 million. During the same quarter last year, the company posted $0.13 earnings per share. NCR Voyix's revenue was down 13.1% on a year-over-year basis. Equities analysts anticipate that NCR Voyix will post -0.86 EPS for the current year.

Insider Activity

In related news, Director Laura Sen acquired 22,550 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the purchase, the director now directly owns 52,203 shares of the company's stock, valued at $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock worth $31,000 after buying an additional 1,423 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in NCR Voyix by 375.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock worth $65,000 after buying an additional 5,252 shares during the last quarter. Spire Wealth Management grew its position in NCR Voyix by 20.7% in the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after buying an additional 1,360 shares during the last quarter. KBC Group NV grew its position in NCR Voyix by 55.1% in the fourth quarter. KBC Group NV now owns 7,148 shares of the company's stock worth $99,000 after buying an additional 2,540 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in NCR Voyix in the first quarter worth approximately $99,000. Institutional investors and hedge funds own 97.00% of the company's stock.

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.