NCR Voyix Corporation (NYSE:VYX) Receives Consensus Recommendation of "Moderate Buy" from 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.

NCR Voyix Corporation (NYSE:VYX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.20.

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

NCR Voyix Trading Down 1.5%

NYSE VYX traded down $0.19 during trading on Friday, hitting $12.35. The stock had a trading volume of 1,639,605 shares, compared to its average volume of 1,938,014. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 1.16. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 1.73 and a beta of 1.67. NCR Voyix has a one year low of $7.55 and a one year high of $15.34. The stock has a 50 day simple moving average of $12.72 and a 200 day simple moving average of $11.18.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $648.13 million. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.20) earnings per share. Sell-side analysts predict that NCR Voyix will post -0.86 earnings per share for the current year.

Insider Transactions at NCR Voyix

In other NCR Voyix news, Director Laura Sen acquired 22,550 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $11.04 per share, with a total value of $248,952.00. Following the completion of the acquisition, the director directly owned 52,203 shares in the company, valued at $576,321.12. This represents a 76.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NCR Voyix

Several institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC increased its holdings in NCR Voyix by 1.7% during the second quarter. Intech Investment Management LLC now owns 73,821 shares of the company's stock valued at $866,000 after buying an additional 1,259 shares during the period. Creative Planning increased its holdings in NCR Voyix by 41.0% during the second quarter. Creative Planning now owns 113,440 shares of the company's stock valued at $1,331,000 after buying an additional 33,006 shares during the period. PNC Financial Services Group Inc. increased its holdings in NCR Voyix by 65.2% during the second quarter. PNC Financial Services Group Inc. now owns 12,077 shares of the company's stock valued at $142,000 after buying an additional 4,767 shares during the period. Boston Partners increased its holdings in NCR Voyix by 154.7% during the second quarter. Boston Partners now owns 3,728,934 shares of the company's stock valued at $44,111,000 after buying an additional 2,264,647 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in NCR Voyix during the second quarter valued at approximately $1,050,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

About NCR Voyix

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.