Weiss Ratings Reiterates “Hold (C-)” Rating for NCR Voyix (NYSE:VYX)

NCR Voyix (NYSE:VYX)‘s stock had its “hold (c-)” rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded NCR Voyix from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. UBS Group set a $18.00 target price on NCR Voyix in a research report on Monday, September 29th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of NCR Voyix in a research report on Monday, September 29th. Oppenheimer boosted their target price on NCR Voyix from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Stifel Nicolaus boosted their target price on NCR Voyix from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.57.

NCR Voyix Stock Performance

Shares of VYX stock opened at $11.43 on Thursday. The stock has a market capitalization of $1.58 billion, a PE ratio of 1.60 and a beta of 1.71. NCR Voyix has a 52-week low of $7.55 and a 52-week high of $15.34. The stock’s 50-day moving average price is $12.43 and its 200 day moving average price is $11.89. The company has a quick ratio of 0.96, a current ratio of 1.16 and a debt-to-equity ratio of 1.27.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings results on Wednesday, April 13th. The company reported $0.59 earnings per share (EPS) for the quarter. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The firm had revenue of $1.63 billion for the quarter. As a group, equities research analysts forecast that NCR Voyix will post -0.86 EPS for the current year.

Institutional Investors Weigh In On NCR Voyix

A number of institutional investors and hedge funds have recently modified their holdings of VYX. Illinois Municipal Retirement Fund grew its holdings in shares of NCR Voyix by 14.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 86,393 shares of the company’s stock worth $842,000 after acquiring an additional 10,999 shares during the period. Teacher Retirement System of Texas purchased a new stake in NCR Voyix in the 1st quarter valued at approximately $198,000. Principal Financial Group Inc. lifted its stake in NCR Voyix by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 728,597 shares of the company’s stock valued at $7,104,000 after buying an additional 16,569 shares in the last quarter. Graypoint LLC lifted its stake in NCR Voyix by 14.9% in the 1st quarter. Graypoint LLC now owns 24,816 shares of the company’s stock valued at $242,000 after buying an additional 3,209 shares in the last quarter. Finally, General American Investors Co. Inc. purchased a new stake in NCR Voyix in the 1st quarter valued at approximately $5,282,000. Institutional investors and hedge funds 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.