NCR Voyix Co. (NYSE:VYX) Given Average Rating of “Moderate Buy” by Brokerages

NCR Voyix Co. (NYSE:VYX) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.43.

VYX has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of NCR Voyix in a research note on Monday, October 14th. They issued a “neutral” rating and a $14.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th.

NCR Voyix Stock Performance

Shares of NYSE:VYX opened at $13.03 on Friday. The firm has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $13.60. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.90 billion, a P/E ratio of 3.02 and a beta of 1.63. NCR Voyix has a 52 week low of $10.87 and a 52 week high of $16.16.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.23). The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $692.58 million. NCR Voyix had a negative return on equity of 47.67% and a net margin of 19.08%. The company’s revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, analysts expect that NCR Voyix will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NCR Voyix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of NCR Voyix during the third quarter valued at approximately $25,000. MBB Public Markets I LLC purchased a new position in shares of NCR Voyix during the second quarter valued at $134,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of NCR Voyix in the third quarter valued at about $136,000. Oppenheimer Asset Management Inc. purchased a new stake in NCR Voyix in the second quarter worth about $137,000. Finally, Qsemble Capital Management LP bought a new position in NCR Voyix during the 2nd quarter worth about $162,000. 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.