The Goldman Sachs Group Begins Coverage on NCR Voyix (NYSE:VYX)

The Goldman Sachs Group assumed coverage on shares of NCR Voyix (NYSE:VYX) in a report published on Monday, MarketBeat.com reports. The firm issued a neutral rating and a $14.00 price objective on the stock.

A number of other analysts have also recently issued reports on VYX. DA Davidson lowered their price objective on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada dropped their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a report on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, NCR Voyix has an average rating of “Moderate Buy” and an average target price of $16.43.

NCR Voyix Stock Up 0.1 %

NYSE VYX opened at $13.27 on Monday. The stock has a market capitalization of $1.92 billion, a PE ratio of -3.95 and a beta of 1.63. NCR Voyix has a 12-month low of $10.87 and a 12-month high of $17.39. The company has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $13.02.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The company had revenue of $876.00 million for the quarter, compared to analyst estimates of $886.60 million. During the same quarter last year, the business earned $0.73 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that NCR Voyix will post -1.44 EPS for the current year.

Insider Activity at NCR Voyix

In other NCR Voyix news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the purchase, the chief financial officer now owns 142,288 shares in the company, valued at approximately $1,637,734.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Brian J. Webb-Walsh purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $11.51 per share, with a total value of $115,100.00. Following the acquisition, the chief financial officer now owns 142,288 shares in the company, valued at approximately $1,637,734.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Schoch bought 21,692 shares of NCR Voyix stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $12.19 per share, with a total value of $264,425.48. Following the transaction, the executive vice president now owns 101,671 shares of the company’s stock, valued at $1,239,369.49. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 46,492 shares of company stock worth $577,993. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On NCR Voyix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in shares of NCR Voyix during the first quarter worth about $216,302,000. Engaged Capital LLC grew its holdings in NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock worth $77,632,000 after acquiring an additional 450,000 shares during the last quarter. Shapiro Capital Management LLC bought a new stake in NCR Voyix during the 2nd quarter worth approximately $75,914,000. First Pacific Advisors LP increased its position in NCR Voyix by 31.3% in the 2nd quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after acquiring an additional 824,008 shares during the period. Finally, LSV Asset Management acquired a new position in shares of NCR Voyix during the first quarter worth $39,433,000. 97.00% of the stock is currently owned by institutional investors.

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.