NCR Voyix (NYSE:VYX - Free Report) had its price objective trimmed by Needham & Company LLC from $15.00 to $13.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.
Several other analysts have also recently commented on VYX. The Goldman Sachs Group decreased their price target on shares of NCR Voyix from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 target price on shares of NCR Voyix in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.83.
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NCR Voyix Price Performance
Shares of NCR Voyix stock traded up $0.43 on Friday, hitting $10.59. 2,244,930 shares of the company traded hands, compared to its average volume of 1,824,417. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The business has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $11.90. NCR Voyix has a 52 week low of $7.55 and a 52 week high of $15.34. The stock has a market capitalization of $1.48 billion, a P/E ratio of 2.45 and a beta of 1.52.
Institutional Investors Weigh In On NCR Voyix
Several large investors have recently added to or reduced their stakes in VYX. Smartleaf Asset Management LLC grew its stake in NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock worth $31,000 after acquiring an additional 1,423 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of NCR Voyix by 20.7% during 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 last quarter. KBC Group NV lifted its holdings in shares of NCR Voyix by 55.1% during the 4th quarter. KBC Group NV now owns 7,148 shares of the company's stock valued at $99,000 after purchasing an additional 2,540 shares during the last quarter. Xponance Inc. acquired a new stake in shares of NCR Voyix in the 4th quarter worth $146,000. Finally, Cetera Investment Advisers purchased a new position in NCR Voyix during the 1st quarter worth $152,000. 97.00% of the stock is owned by institutional investors.
About NCR Voyix
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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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