NCR Voyix (NYSE:VYX) Stock Price Up 7% - Still a Buy?

Key Points

• NCR Voyix shares rose 7% to about $8.63, although trading volume was roughly 80% below the average daily level.
• Analyst sentiment is generally positive: the stock has a “Moderate Buy” consensus rating and a $14 average price target, with RBC and Needham recently raising their targets to $13 and $14, respectively.
• The company exceeded quarterly earnings and revenue estimates, reporting $0.17 EPS and $523 million in revenue, but revenue declined 21.5% year over year. Institutional investors and hedge funds own approximately 97% of the stock.

NCR Voyix Corporation (NYSE:VYX - Get Free Report) shares rose 7% during trading on Friday . The company traded as high as $8.62 and last traded at $8.6330. Approximately 457,818 shares traded hands during trading, a decline of 80% from the average daily volume of 2,292,030 shares. The stock had previously closed at $8.07.

Analyst Upgrades and Downgrades

VYX has been the subject of several research analyst reports. Weiss Ratings raised NCR Voyix from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 4th. Royal Bank Of Canada upped their target price on NCR Voyix from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC raised their target price on NCR Voyix from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.00.

NCR Voyix Price Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 0.95. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.46 and a beta of 1.40. The business's fifty day simple moving average is $8.32 and its 200 day simple moving average is $7.54.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $523.00 million for the quarter, compared to analyst estimates of $515.95 million. NCR Voyix had a net margin of 2.53% and a return on equity of 11.23%. The business's quarterly revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. NCR Voyix has set its FY 2026 guidance at 0.890-0.920 EPS. On average, research analysts forecast that NCR Voyix Corporation will post 0.68 EPS for the current year.

Hedge Funds Weigh In On NCR Voyix

A number of institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of NCR Voyix in the 2nd quarter worth $30,000. IFP Advisors Inc raised its holdings in NCR Voyix by 60,644.4% during the second quarter. IFP Advisors Inc now owns 5,467 shares of the company's stock worth $45,000 after buying an additional 5,458 shares during the last quarter. Arizona State Retirement System raised its holdings in NCR Voyix by 6.0% during the second quarter. Arizona State Retirement System now owns 38,357 shares of the company's stock worth $313,000 after buying an additional 2,174 shares during the last quarter. Corient Private Wealth LP bought a new position in shares of NCR Voyix in the second quarter valued at $208,000. Finally, HighTower Advisors LLC bought a new position in shares of NCR Voyix in the second quarter valued at $86,000. 97.00% of the stock is owned by institutional investors and hedge funds.

NCR Voyix Company Profile

NCR Voyix is a technology company formed through the spin-off of NCR Corporation’s financial and digital commerce business. The company designs, manufactures and supports self-service solutions for banking and retail environments, with core offerings that include ATMs, kiosks, point-of-sale terminals and payment software. By blending hardware, cloud-based applications and managed services, NCR Voyix aims to help financial institutions and merchants modernize customer experiences and streamline transaction processing.

Building on more than a century of heritage under the NCR name, NCR Voyix leverages decades of engineering expertise and innovation in transaction automation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.