NCR Voyix Corporation (NYSE:VYX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• NCR Voyix Corporation (NYSE:VYX) has received a consensus rating of "Moderate Buy" from eight brokerages, with five analysts recommending a buy and one a strong buy.
• The average target price for NCR Voyix shares among analysts is $15.57, reflecting positive sentiment about the company's stock performance.
• Institutional investors own 97% of NCR Voyix's stock, indicating strong institutional confidence in the company.

Shares of NCR Voyix Corporation (NYSE:VYX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.5714.

VYX has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NCR Voyix in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of NCR Voyix in a report on Monday, September 29th. UBS Group set a $18.00 price objective on shares of NCR Voyix in a report on Monday, September 29th. Stifel Nicolaus upped their price objective on shares of NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Zacks Research raised shares of NCR Voyix from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th.

NCR Voyix Trading Up 3.4%

Shares of NYSE:VYX opened at $11.80 on Friday. The stock has a market capitalization of $1.63 billion, a PE ratio of 1.66 and a beta of 1.71. NCR Voyix has a 1 year low of $7.55 and a 1 year high of $15.34. The firm has a fifty day moving average price of $12.58 and a 200 day moving average price of $11.73. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 13th. The company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $1.63 billion during the quarter. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. Analysts expect that NCR Voyix will post -0.86 EPS for the current fiscal year.

Institutional Trading of NCR Voyix

A number of hedge funds have recently bought and sold shares of VYX. Spire Wealth Management boosted its holdings in NCR Voyix by 20.7% in the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock valued at $77,000 after purchasing an additional 1,360 shares during the period. New World Advisors LLC lifted its holdings in shares of NCR Voyix by 88.2% during the 1st quarter. New World Advisors LLC now owns 44,175 shares of the company's stock worth $431,000 after acquiring an additional 20,700 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of NCR Voyix by 14.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 86,393 shares of the company's stock worth $842,000 after acquiring an additional 10,999 shares during the period. Crescent Grove Advisors LLC lifted its holdings in shares of NCR Voyix by 47.9% during the 1st quarter. Crescent Grove Advisors LLC now owns 866,347 shares of the company's stock worth $8,447,000 after acquiring an additional 280,672 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of NCR Voyix during the 1st quarter worth about $198,000. 97.00% of the stock is owned by institutional investors.

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.

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