Stifel Nicolaus Forecasts Strong Price Appreciation for NCR Voyix (NYSE:VYX) Stock

Key Points

• Stifel Nicolaus raised its target price for NCR Voyix (NYSE:VYX) from $13.00 to $15.00, indicating a potential upside of 19.09%, and maintains a "buy" rating on the stock.
• After recent trading, NCR Voyix shares reached $12.60, with analysts forecasting an average price target of $14.50 and an earnings per share (EPS) prediction of -0.86 for the current fiscal year.
• Insider activity includes Director Laura Sen acquiring 22,550 shares, significantly increasing her ownership, while hedge funds own about 97.00% of the company's stock.

NCR Voyix (NYSE:VYX - Get Free Report) had its target price hoisted by stock analysts at Stifel Nicolaus from $13.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 19.09% from the stock's previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their price objective on NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC decreased their price objective on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Stephens increased their price objective on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, NCR Voyix has an average rating of "Moderate Buy" and a consensus price target of $14.50.

NCR Voyix Price Performance

Shares of NYSE:VYX traded up $0.07 during trading on Friday, reaching $12.60. The stock had a trading volume of 314,869 shares, compared to its average volume of 1,873,829. The business has a fifty day moving average price of $12.69 and a 200-day moving average price of $11.20. The stock has a market cap of $1.73 billion, a PE ratio of 1.90 and a beta of 1.67. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.96 and a current ratio of 1.12. NCR Voyix has a 1-year low of $7.55 and a 1-year high of $15.34.

NCR Voyix (NYSE:VYX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The business had revenue of $666.00 million during the quarter, compared to analysts' expectations of $648.13 million. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. On average, equities analysts forecast that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

Insider Activity at NCR Voyix

In other NCR Voyix news, Director Laura Sen acquired 22,550 shares of the stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $11.04 per share, with a total value of $248,952.00. Following the completion of the transaction, the director directly owned 52,203 shares in the company, valued at approximately $576,321.12. This trade represents a 76.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management lifted its stake in shares of NCR Voyix by 20.7% in the first quarter. Spire Wealth Management now owns 7,930 shares of the company's stock worth $77,000 after acquiring an additional 1,360 shares in the last quarter. Bank of Montreal Can boosted its stake in NCR Voyix by 8.2% during the 4th quarter. Bank of Montreal Can now owns 19,703 shares of the company's stock valued at $273,000 after purchasing an additional 1,489 shares in the last quarter. Invesco Ltd. boosted its stake in NCR Voyix by 19.5% during the 4th quarter. Invesco Ltd. now owns 1,152,138 shares of the company's stock valued at $15,946,000 after purchasing an additional 187,848 shares in the last quarter. Bank of America Corp DE boosted its stake in NCR Voyix by 79.5% during the 4th quarter. Bank of America Corp DE now owns 665,831 shares of the company's stock valued at $9,215,000 after purchasing an additional 294,994 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in NCR Voyix by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 728,597 shares of the company's stock valued at $7,104,000 after purchasing an additional 16,569 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

NCR Voyix Company Profile

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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