NCR Voyix (NYSE:VYX) Given New $15.00 Price Target at Stifel Nicolaus

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 - Free Report) had its price objective lifted by Stifel Nicolaus from $13.00 to $15.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently commented on VYX. The Goldman Sachs Group lifted their target price on shares of NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Needham & Company LLC reduced their target price on shares of NCR Voyix from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stephens lifted their target price on shares of NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, NCR Voyix presently has an average rating of "Moderate Buy" and an average target price of $14.20.

NCR Voyix Price Performance

Shares of NYSE VYX traded up $0.05 during trading on Friday, hitting $12.34. The company had a trading volume of 1,902,446 shares, compared to its average volume of 1,882,915. The stock has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $11.18. NCR Voyix has a fifty-two week low of $7.55 and a fifty-two week high of $15.34. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 1.73 and a beta of 1.67. The company has a quick ratio of 0.96, a current ratio of 1.16 and a debt-to-equity ratio of 1.27.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The firm had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. During the same period last year, the firm posted ($0.20) earnings per share. The company's revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts expect that NCR Voyix will post -0.86 earnings per share for the current year.

Institutional Investors Weigh In On NCR Voyix

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its stake in NCR Voyix by 2,835.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,522 shares of the company's stock worth $41,000 after buying an additional 3,402 shares during the period. Caitong International Asset Management Co. Ltd raised its position in NCR Voyix by 375.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 6,650 shares of the company's stock valued at $65,000 after purchasing an additional 5,252 shares during the last quarter. GAMMA Investing LLC raised its position in NCR Voyix by 299.9% in the 2nd quarter. GAMMA Investing LLC now owns 5,774 shares of the company's stock valued at $68,000 after purchasing an additional 4,330 shares during the last quarter. Spire Wealth Management raised its position in NCR Voyix by 20.7% in the 1st 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. Finally, Nisa Investment Advisors LLC lifted its stake in shares of NCR Voyix by 225.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,159 shares of the company's stock worth $84,000 after acquiring an additional 4,957 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

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.