NCR Voyix (NYSE:VYX) Releases Earnings Results, Misses Expectations By $0.23 EPS

NCR Voyix (NYSE:VYX) posted its quarterly earnings data on Thursday. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23), Zacks reports. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $692.58 million. During the same quarter in the previous year, the company posted $0.77 EPS. NCR Voyix’s revenue for the quarter was down 12.1% on a year-over-year basis. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Stock Up 3.0 %

Shares of VYX opened at $14.39 on Friday. The business’s 50-day moving average price is $13.23 and its 200-day moving average price is $13.14. NCR Voyix has a twelve month low of $10.87 and a twelve month high of $17.39. The stock has a market cap of $2.09 billion, a PE ratio of -3.60 and a beta of 1.64.

Insider Activity at NCR Voyix

In other news, EVP Eric Schoch purchased 21,692 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the acquisition, the executive vice president now owns 101,671 shares in the company, valued at $1,239,369.49. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider James G. Kelly bought 14,800 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $13.41 per share, with a total value of $198,468.00. Following the completion of the purchase, the insider now directly owns 46,900 shares of the company’s stock, valued at $628,929. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Eric Schoch bought 21,692 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $12.19 per share, with a total value of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares of the company’s stock, valued at $1,239,369.49. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VYX has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research report on Monday, October 14th. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a report on Monday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. DA Davidson cut their target price on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Royal Bank of Canada lowered their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average target price of $16.43.

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.