Stephens Issues Positive Forecast for NCR Voyix (NYSE:VYX) Stock Price

NCR Voyix (NYSE:VYX) had its target price boosted by Stephens from $12.00 to $15.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the company. The Goldman Sachs Group raised their price target on NCR Voyix from $8.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of NCR Voyix in a research report on Tuesday, March 25th. Finally, Needham & Company LLC lowered their price target on NCR Voyix from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.67.

NCR Voyix Trading Up 4.1%

NCR Voyix stock opened at $11.82 on Monday. NCR Voyix has a 12-month low of $7.55 and a 12-month high of $15.34. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2.74 and a beta of 1.65. The firm has a 50 day moving average of $9.56 and a 200 day moving average of $11.49. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $608.67 million. NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. As a group, research analysts predict that NCR Voyix will post -0.86 earnings per share for the current year.

Insider Activity

In other news, Director Laura Sen bought 22,550 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $11.04 per share, for a total transaction of $248,952.00. Following the transaction, the director now owns 52,203 shares of the company’s stock, valued at $576,321.12. The trade was a 76.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On NCR Voyix

Several large investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in shares of NCR Voyix in the 4th quarter worth $412,000. Smartleaf Asset Management LLC lifted its holdings in shares of NCR Voyix by 175.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after acquiring an additional 1,423 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in NCR Voyix by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company’s stock worth $38,006,000 after acquiring an additional 163,206 shares in the last quarter. Swiss National Bank increased its stake in NCR Voyix by 0.7% during the fourth quarter. Swiss National Bank now owns 271,659 shares of the company’s stock worth $3,760,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Invesco Ltd. raised its position in NCR Voyix by 19.5% during the fourth quarter. Invesco Ltd. now owns 1,152,138 shares of the company’s stock valued at $15,946,000 after purchasing an additional 187,848 shares during the period. 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.