Zacks Research Upgrades NCR Voyix (NYSE:VYX) to Strong-Buy

Key Points

• Zacks Research has upgraded NCR Voyix from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the stock.
• Equities analysts have varying ratings for NCR Voyix, with one strong buy, five buys, and two holds, leading to an average rating of "Moderate Buy" and a consensus target price of $15.57.
• NCR Voyix's stock performance showed a 1-year high of $15.34 and a recent opening price of $12.09, with the company posting earnings of $0.19 EPS, surpassing estimates.

NCR Voyix (NYSE:VYX - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of NCR Voyix in a research report on Wednesday. Oppenheimer boosted their price target on shares of NCR Voyix from $16.00 to $18.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. UBS Group set a $18.00 price objective on shares of NCR Voyix in a report on Monday, September 29th. Stifel Nicolaus raised their price target on shares of NCR Voyix from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Stephens upped their price objective on NCR Voyix from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $15.57.

NCR Voyix Stock Performance

VYX opened at $12.09 on Tuesday. NCR Voyix has a 1-year low of $7.55 and a 1-year high of $15.34. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 1.70 and a beta of 1.71. The company's fifty day moving average price is $12.87 and its two-hundred day moving average price is $11.58. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

NCR Voyix (NYSE:VYX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $666.00 million during the quarter, compared to the consensus estimate of $648.13 million. NCR Voyix had a net margin of 38.86% and a negative return on equity of 2.84%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. On average, analysts expect that NCR Voyix will post -0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VYX. GAMMA Investing LLC grew its position in shares of NCR Voyix by 439.4% during the 1st quarter. GAMMA Investing LLC now owns 14,079 shares of the company's stock valued at $1,444,000 after purchasing an additional 11,469 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NCR Voyix by 927.4% in the 1st 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 in the last quarter. Bfsg LLC raised its holdings in shares of NCR Voyix by 12.0% in the 1st quarter. Bfsg LLC now owns 21,570 shares of the company's stock valued at $210,000 after acquiring an additional 2,305 shares in the last quarter. Spire Wealth Management boosted its position in shares of NCR Voyix by 20.7% during the 1st quarter. Spire Wealth Management now owns 7,930 shares of the company's stock valued at $77,000 after acquiring an additional 1,360 shares during the last quarter. Finally, New World Advisors LLC grew its holdings in shares of NCR Voyix by 88.2% during the first quarter. New World Advisors LLC now owns 44,175 shares of the company's stock worth $431,000 after purchasing an additional 20,700 shares in the last quarter. 97.00% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.