Stephens Issues Positive Forecast for NCR Voyix (NYSE:VYX) Stock Price

NCR Voyix (NYSE:VYX - Free Report) had its target price raised by Stephens from $12.00 to $15.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

VYX has been the subject of several other research reports. The Goldman Sachs Group lifted their price target on NCR Voyix from $8.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of NCR Voyix in a research note on Tuesday, March 25th. Finally, Needham & Company LLC decreased their price target on NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.67.

NCR Voyix Stock Performance

NCR Voyix stock traded down $0.12 during mid-day trading on Monday, reaching $11.80. 968,422 shares of the company traded hands, compared to its average volume of 1,804,746. The firm's fifty day moving average is $9.76 and its two-hundred day moving average is $11.48. NCR Voyix has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2.73 and a beta of 1.65.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 47.67% and a net margin of 19.08%. NCR Voyix's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts expect that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Laura Sen acquired 22,550 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $11.04 per share, for a total transaction of $248,952.00. Following the completion of the acquisition, the director now directly owns 52,203 shares of the company's stock, valued at approximately $576,321.12. The trade was a 76.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NCR Voyix

A number of large investors have recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in shares of NCR Voyix by 6.5% in the fourth quarter. CIBC Asset Management Inc now owns 14,239 shares of the company's stock valued at $197,000 after purchasing an additional 871 shares during the period. Mariner LLC lifted its position in NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after buying an additional 872 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in NCR Voyix by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company's stock valued at $211,000 after buying an additional 966 shares during the last quarter. Trajan Wealth LLC grew its position in shares of NCR Voyix by 9.0% during the 4th quarter. Trajan Wealth LLC now owns 15,315 shares of the company's stock worth $212,000 after buying an additional 1,269 shares during the period. Finally, Spire Wealth Management increased its holdings in NCR Voyix by 20.7% in the first 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. 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.