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

Key Points

• NCR Voyix Corporation (NYSE:VYX) has received a consensus rating of "Moderate Buy" from six brokerages, with an average price target of $14.50 over the next year.
• Recent insider activity includes Director Laura Sen buying 22,550 shares at an average price of $11.04, increasing her ownership significantly.
• The company recently reported quarterly earnings of $0.19 EPS, surpassing expectations and generating $666 million in revenue, despite a year-over-year decline of 7.8% in revenue.

Shares of NCR Voyix Corporation (NYSE:VYX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.20.

Several equities research analysts have weighed in on VYX shares. Stifel Nicolaus raised their target price on shares of NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. Needham & Company LLC decreased their target price on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stephens lifted their price objective on shares of NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Finally, The Goldman Sachs Group boosted their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th.

Institutional Investors Weigh In On NCR Voyix

A number of hedge funds have recently added to or reduced their stakes in VYX. Boston Partners increased its position in shares of NCR Voyix by 154.7% in the 2nd quarter. Boston Partners now owns 3,728,934 shares of the company's stock valued at $44,111,000 after purchasing an additional 2,264,647 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of NCR Voyix by 25.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,331,556 shares of the company's stock worth $71,483,000 after acquiring an additional 1,494,252 shares during the period. Clearline Capital LP lifted its stake in shares of NCR Voyix by 110.8% in the 1st quarter. Clearline Capital LP now owns 2,626,778 shares of the company's stock worth $25,611,000 after acquiring an additional 1,380,442 shares during the period. Shapiro Capital Management LLC lifted its stake in shares of NCR Voyix by 10.1% in the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company's stock valued at $144,084,000 after purchasing an additional 956,177 shares during the period. Finally, Greenhouse Funds LLLP increased its holdings in NCR Voyix by 10.4% during the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company's stock valued at $115,327,000 after acquiring an additional 787,032 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Trading Up 0.4%

Shares of NYSE:VYX traded up $0.05 during trading on Friday, reaching $12.34. 1,902,446 shares of the company were exchanged, compared to its average volume of 1,882,915. The firm has a market capitalization of $1.71 billion, a PE ratio of 1.73 and a beta of 1.67. The business's fifty day simple moving average is $12.75 and its 200-day simple moving average is $11.18. NCR Voyix has a 12-month low of $7.55 and a 12-month high of $15.34. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.96.

NCR Voyix (NYSE:VYX - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. The business had revenue of $666.00 million for the quarter, compared to analyst estimates of $648.13 million. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The company's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the company posted ($0.20) earnings per share. On average, research analysts anticipate that NCR Voyix will post -0.86 EPS for the current year.

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.