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

NCR Voyix Co. (NYSE:VYX) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.83.

Several equities analysts have recently weighed in on VYX shares. The Goldman Sachs Group assumed coverage on NCR Voyix in a research report on Monday, March 18th. They issued a “neutral” rating and a $14.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of NCR Voyix in a report on Friday, April 5th. Northcoast Research upgraded NCR Voyix from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, March 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research report on Monday, March 25th.

Institutional Trading of NCR Voyix

Several hedge funds and other institutional investors have recently bought and sold shares of VYX. Hanson & Doremus Investment Management bought a new position in shares of NCR Voyix during the first quarter valued at about $84,000. Fifth Third Bancorp bought a new position in NCR Voyix during the 1st quarter worth approximately $43,000. Louisiana State Employees Retirement System purchased a new position in NCR Voyix in the 1st quarter worth approximately $839,000. New York State Teachers Retirement System bought a new stake in NCR Voyix in the first quarter valued at approximately $2,196,000. Finally, SYSTM Wealth Solutions LLC purchased a new stake in shares of NCR Voyix during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

NCR Voyix Stock Performance

Shares of VYX opened at $12.48 on Tuesday. The stock’s fifty day moving average price is $12.46 and its two-hundred day moving average price is $14.56. NCR Voyix has a 1 year low of $10.99 and a 1 year high of $19.01. The firm has a market cap of $1.80 billion, a PE ratio of -4.15 and a beta of 1.54. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.90 and a quick ratio of 0.71.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, February 29th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.92). The business had revenue of $963.00 million for the quarter, compared to the consensus estimate of $959.23 million. NCR Voyix had a positive return on equity of 21.46% and a negative net margin of 5.98%. The company’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts forecast that NCR Voyix will post 0.48 EPS for the current year.

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.