NCR Voyix Co. (NYSE:VYX) Receives Average Recommendation of “Moderate Buy” from Analysts

NCR Voyix Co. (NYSE:VYX) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.43.

Several brokerages recently issued reports on VYX. Royal Bank of Canada dropped their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. DA Davidson cut their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Wednesday, August 7th.

NCR Voyix Stock Performance

Shares of NCR Voyix stock opened at $13.14 on Friday. NCR Voyix has a twelve month low of $10.87 and a twelve month high of $18.04. The business has a 50-day moving average price of $12.99 and a 200 day moving average price of $12.99.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The company had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that NCR Voyix will post -1.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the transaction, the chief financial officer now owns 142,288 shares in the company, valued at approximately $1,637,734.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brian J. Webb-Walsh purchased 10,000 shares of NCR Voyix stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the transaction, the chief financial officer now directly owns 142,288 shares in the company, valued at approximately $1,637,734.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Schoch acquired 21,692 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $12.19 per share, for a total transaction of $264,425.48. Following the acquisition, the executive vice president now owns 101,671 shares of the company’s stock, valued at approximately $1,239,369.49. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 46,492 shares of company stock worth $577,993. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in NCR Voyix in the 1st quarter valued at about $216,302,000. Engaged Capital LLC lifted its position in shares of NCR Voyix by 7.7% during the second quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock worth $77,632,000 after purchasing an additional 450,000 shares during the last quarter. Shapiro Capital Management LLC acquired a new position in NCR Voyix in the second quarter worth $75,914,000. First Pacific Advisors LP grew its holdings in shares of NCR Voyix by 31.3% during the second quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after purchasing an additional 824,008 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of NCR Voyix during the first quarter valued at $39,433,000. 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.