NCR Voyix (NYSE:VYX) Price Target Raised to $15.00

NCR Voyix (NYSE:VYX - Get Free Report) had its target price upped by equities research analysts at Stephens from $12.00 to $15.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' price target points to a potential upside of 29.03% from the stock's current price.

A number of other brokerages also recently commented on VYX. Needham & Company LLC reduced their price objective 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 boosted their price objective 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.67.

NCR Voyix Trading Up 2.4%

Shares of NCR Voyix stock traded up $0.28 on Monday, hitting $11.63. 324,042 shares of the company traded hands, compared to its average volume of 1,881,296. The stock's 50 day moving average price is $9.52 and its 200-day moving average price is $11.51. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. NCR Voyix has a 52 week low of $7.55 and a 52 week high of $15.34. The company has a market cap of $1.60 billion, a PE ratio of 2.69 and a beta of 1.65.

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

Insider Buying and Selling at NCR Voyix

In other news, Director Laura Sen acquired 22,550 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the transaction, the director now owns 52,203 shares in the company, valued at approximately $576,321.12. The trade was a 76.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of NCR Voyix

Hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in NCR Voyix in the 4th quarter valued at about $412,000. Smartleaf Asset Management LLC grew its stake in shares of NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company's stock valued at $31,000 after buying an additional 1,423 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of NCR Voyix by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company's stock valued at $38,006,000 after buying an additional 163,206 shares during the period. Swiss National Bank grew its stake in shares of NCR Voyix by 0.7% in the 4th quarter. Swiss National Bank now owns 271,659 shares of the company's stock valued at $3,760,000 after buying an additional 2,000 shares during the period. Finally, Invesco Ltd. grew its stake in shares of NCR Voyix by 19.5% in the 4th quarter. Invesco Ltd. now owns 1,152,138 shares of the company's stock valued at $15,946,000 after buying an additional 187,848 shares during the period. Institutional investors and hedge funds own 97.00% of the company's stock.

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.

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