Needham & Company LLC Reiterates "Buy" Rating for NCR Voyix (NYSE:VYX)

Key Points

• Needham & Company LLC has reiterated its "Buy" rating for NCR Voyix (NYSE:VYX), setting a target price of $15.00, indicating an 18.91% potential upside from the current price.
• Institutional investors own 97% of NCR Voyix's stock, highlighting strong institutional interest in the company despite a recent revenue decline of 7.8% year-over-year.
• NCR Voyix reported an EPS of $0.19 for the last quarter, surpassing estimates, and set its FY 2025 guidance at 0.750-0.800 EPS.

NCR Voyix (NYSE:VYX - Get Free Report)'s stock had its "buy" rating restated by research analysts at Needham & Company LLC in a report released on Monday,Benzinga reports. They currently have a $15.00 target price on the stock. Needham & Company LLC's target price points to a potential upside of 18.91% from the stock's current price.

Several other brokerages also recently issued reports on VYX. Stifel Nicolaus raised their price target on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stephens lifted their target price on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NCR Voyix has a consensus rating of "Moderate Buy" and a consensus target price of $14.60.

NCR Voyix Trading Up 0.2%

Shares of NCR Voyix stock opened at $12.62 on Monday. The business has a fifty day simple moving average of $13.14 and a two-hundred day simple moving average of $11.47. NCR Voyix has a 1 year low of $7.55 and a 1 year high of $15.34. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 1.77 and a beta of 1.66. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $648.13 million. During the same quarter last year, the firm posted ($0.20) EPS. The company's quarterly revenue was down 7.8% on a year-over-year basis. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. Research analysts forecast that NCR Voyix will post -0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VYX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NCR Voyix by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,131 shares of the company's stock worth $4,970,000 after purchasing an additional 54,387 shares during the period. Wellington Management Group LLP grew its position in NCR Voyix by 2.1% in the fourth quarter. Wellington Management Group LLP now owns 1,216,361 shares of the company's stock valued at $16,834,000 after acquiring an additional 25,129 shares during the last quarter. GAMMA Investing LLC grew its position in NCR Voyix by 439.4% in the first quarter. GAMMA Investing LLC now owns 14,079 shares of the company's stock valued at $1,444,000 after acquiring an additional 11,469 shares during the last quarter. SG Americas Securities LLC grew its position in NCR Voyix by 927.4% in the first quarter. SG Americas Securities LLC now owns 95,314 shares of the company's stock valued at $929,000 after acquiring an additional 86,037 shares during the last quarter. Finally, Bfsg LLC grew its position in NCR Voyix by 12.0% in the first quarter. Bfsg LLC now owns 21,570 shares of the company's stock valued at $210,000 after acquiring an additional 2,305 shares during the last quarter. Institutional investors 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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