NCR Voyix Co. (NYSE:VYX) Given Average Rating of “Moderate Buy” by Brokerages

NCR Voyix Co. (NYSE:VYX) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $16.43.

Several research analysts recently issued reports on VYX shares. The Goldman Sachs Group began coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a research note on Monday, October 14th.

Institutional Trading of NCR Voyix

Hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its position in shares of NCR Voyix by 3.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,020,401 shares of the company’s stock valued at $14,122,000 after purchasing an additional 34,547 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NCR Voyix by 0.5% during the third quarter. Principal Financial Group Inc. now owns 688,476 shares of the company’s stock worth $9,343,000 after buying an additional 3,269 shares during the last quarter. Franklin Resources Inc. grew its holdings in NCR Voyix by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 903,293 shares of the company’s stock valued at $11,942,000 after buying an additional 51,779 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NCR Voyix by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,266,734 shares of the company’s stock worth $44,338,000 after acquiring an additional 86,709 shares during the period. Finally, Barclays PLC boosted its position in shares of NCR Voyix by 149.5% during the 3rd quarter. Barclays PLC now owns 668,816 shares of the company’s stock valued at $9,075,000 after acquiring an additional 400,734 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Trading Down 5.5 %

Shares of NYSE:VYX opened at $13.03 on Friday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 3.02 and a beta of 1.63. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The business’s 50-day moving average is $14.17 and its 200 day moving average is $13.60. NCR Voyix has a 1 year low of $10.87 and a 1 year high of $16.16.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter last year, the business earned $0.77 EPS. The business’s revenue was down 12.1% on a year-over-year basis. On average, research analysts predict that NCR Voyix will post -0.66 earnings per share for the current fiscal year.

About NCR Voyix

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.