NCR Voyix Corporation (NYSE:VYX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
NCR Voyix Corporation (NYSE:VYX) has received a consensus rating of "Moderate Buy" from six research firms. One analyst rated it as a hold, while five assigned buy ratings. The average one-year price target is $14.50. Recent target price adjustments include Stifel Nicolaus raising it to $15.00 and Goldman Sachs to $11.00. Insider activity includes Director Laura Sen purchasing 22,550 shares. The stock is currently trading at $12.57, with a market cap of $1.73 billion and a P/E ratio of 1.90. The company reported $0.19 EPS for the last quarter, exceeding estimates.
Shares of NCR Voyix Corporation (NYSE:VYX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.
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A number of research analysts have recently commented on the company. Stifel Nicolaus upped their target price on NCR Voyix from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. Stephens increased their price objective on NCR Voyix from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group upped their target price on NCR Voyix from $8.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Needham & Company LLC lowered their target price on NCR Voyix from $15.00 to $13.00 and set a "buy" rating for the company in a report on Friday, May 9th.
Read Our Latest Research Report on VYX
Insider Activity
In other news, Director Laura Sen bought 22,550 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $11.04 per share, with a total value of $248,952.00. Following the transaction, the director directly owned 52,203 shares in the company, valued at approximately $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.
Hedge Funds Weigh In On NCR Voyix
Hedge funds have recently made changes to their positions in the company. Mariner LLC grew its position in NCR Voyix by 6.6% during the 4th quarter. Mariner LLC now owns 14,022 shares of the company's stock worth $194,000 after purchasing an additional 872 shares during the period. Summit Investment Advisors Inc. grew its position in NCR Voyix by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company's stock worth $211,000 after purchasing an additional 966 shares during the period. State of Alaska Department of Revenue grew its position in NCR Voyix by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 81,997 shares of the company's stock worth $961,000 after purchasing an additional 1,117 shares during the period. Trajan Wealth LLC grew its position in shares of NCR Voyix by 9.0% during the 4th quarter. Trajan Wealth LLC now owns 15,315 shares of the company's stock valued at $212,000 after acquiring an additional 1,269 shares during the period. Finally, Spire Wealth Management grew 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 period. 97.00% of the stock is owned by institutional investors and hedge funds.
NCR Voyix Stock Performance
NYSE VYX traded up $0.04 on Friday, hitting $12.57. 409,739 shares of the company traded hands, compared to its average volume of 1,874,102. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 1.90 and a beta of 1.67. The company has a current ratio of 1.12, a quick ratio of 0.96 and a debt-to-equity ratio of 1.28. The business's 50 day moving average price is $12.69 and its 200-day moving average price is $11.20. NCR Voyix has a 52-week low of $7.55 and a 52-week high of $15.34.
NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. NCR Voyix had a negative return on equity of 17.40% and a net margin of 33.61%. The business had revenue of $666.00 million for the quarter, compared to the consensus estimate of $648.13 million. During the same period in the previous year, the business earned ($0.20) earnings per share. The business's revenue was down 7.8% on a year-over-year basis. Equities analysts expect that NCR Voyix will post -0.86 earnings per share for the current year.
NCR Voyix Company Profile
(Get Free Report)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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