Royal Bank of Canada Cuts NCR Voyix (NYSE:VYX) Price Target to $16.00

NCR Voyix (NYSE:VYX) had its price objective reduced by Royal Bank of Canada from $19.00 to $16.00 in a report released on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also commented on VYX. Needham & Company LLC restated a buy rating and issued a $20.00 price target on shares of NCR Voyix in a report on Wednesday. Stephens restated an overweight rating and issued a $16.00 price target on shares of NCR Voyix in a report on Monday, May 13th. Finally, Stifel Nicolaus began coverage on NCR Voyix in a report on Wednesday, June 12th. They issued a buy rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NCR Voyix has a consensus rating of Moderate Buy and an average target price of $17.00.

NCR Voyix Trading Up 3.6 %

Shares of NCR Voyix stock traded up $0.40 during trading on Wednesday, reaching $11.38. 2,844,156 shares of the company were exchanged, compared to its average volume of 2,431,034. NCR Voyix has a twelve month low of $10.94 and a twelve month high of $19.01. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 102.52. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.26 and a beta of 1.64. The business has a 50-day moving average price of $13.34 and a 200-day moving average price of $13.35.

NCR Voyix (NYSE:VYX) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). NCR Voyix had a negative net margin of 7.88% and a positive return on equity of 27.60%. The business had revenue of $876.00 million during the quarter, compared to analyst estimates of $886.60 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. Sell-side analysts anticipate that NCR Voyix will post -0.33 EPS for the current fiscal year.

Institutional Trading of NCR Voyix

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

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.