NCR Voyix (NYSE:VYX) Stock Price Up 5.1% - Time to Buy?

Key Points

• NCR Voyix shares rose 5.1% to about $10.47, though trading volume was 79% below its average.
• Analyst views are mixed but lean positive: the stock has a “Moderate Buy” consensus and an average price target of $12.17, with three Buy and three Hold ratings.
• The company beat quarterly EPS estimates, reporting $0.32 versus $0.28 expected, while revenue of $539 million was nearly in line with estimates and down 21.2% year over year.

NCR Voyix Corporation (NYSE:VYX - Get Free Report)'s share price traded up 5.1% on Friday. The stock traded as high as $10.45 and last traded at $10.4650. 524,235 shares were traded during trading, a decline of 79% from the average daily volume of 2,452,112 shares. The stock had previously closed at $9.96.

Analyst Upgrades and Downgrades

VYX has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price target on NCR Voyix from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price objective on shares of NCR Voyix in a research note on Tuesday, September 29th. Stephens initiated coverage on NCR Voyix in a research report on Friday. They set an "equal weight" rating and a $12.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of NCR Voyix from $9.75 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of NCR Voyix from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.17.

NCR Voyix Price Performance

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.86 and a beta of 1.40. The company has a fifty day simple moving average of $7.95 and a two-hundred day simple moving average of $7.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.98 and a current ratio of 1.11.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. The business had revenue of $539.00 million during the quarter, compared to the consensus estimate of $538.85 million. NCR Voyix had a return on equity of 11.38% and a net margin of 4.48%. The business's revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, research analysts anticipate that NCR Voyix Corporation will post 0.68 earnings per share for the current year.

Institutional Trading of NCR Voyix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of NCR Voyix during the 2nd quarter worth about $184,310,000. Dimensional Fund Advisors LP increased its position in NCR Voyix by 27.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,269,979 shares of the company's stock worth $39,689,000 after purchasing an additional 1,334,716 shares during the last quarter. Private Management Group Inc. increased its position in NCR Voyix by 14.3% during the second quarter. Private Management Group Inc. now owns 4,329,342 shares of the company's stock worth $35,371,000 after purchasing an additional 541,625 shares during the last quarter. Boston Partners raised its stake in NCR Voyix by 53.0% during the third quarter. Boston Partners now owns 5,008,664 shares of the company's stock worth $34,257,000 after purchasing an additional 1,734,994 shares during the period. Finally, Wellington Management Group LLP raised its stake in NCR Voyix by 72.2% during the second quarter. Wellington Management Group LLP now owns 3,301,936 shares of the company's stock worth $26,977,000 after purchasing an additional 1,384,935 shares during the period. Hedge funds and other institutional investors own 97.00% of the company's stock.

About NCR Voyix

NCR Voyix Corporation provides software, technology and services to retailers and restaurants. Its offerings include point-of-sale systems, self-service checkout and ordering, payment solutions, and software that helps businesses manage operations and customer experiences across in-store and digital channels. The company was formed in 2023 when NCR Corporation separated its ATM-focused business into NCR Atleos and renamed the remaining company NCR Voyix. NCR Voyix later divested its digital banking business, sharpening its focus on retail and restaurant technology.

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