Brokerages Set NCR Voyix Co. (NYSE:VYX) Price Target at $18.83

Shares of NCR Voyix Co. (NYSE:VYX) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.83.

VYX has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a research note on Monday, March 18th. They set a “neutral” rating and a $14.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of NCR Voyix in a research note on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price target on shares of NCR Voyix in a research note on Friday, April 5th. DA Davidson reiterated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research report on Thursday, March 28th. Finally, Northcoast Research raised shares of NCR Voyix from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, March 12th.

Hedge Funds Weigh In On NCR Voyix

A number of institutional investors have recently made changes to their positions in the stock. LSV Asset Management purchased a new stake in NCR Voyix in the 1st quarter worth approximately $39,433,000. Crescent Grove Advisors LLC purchased a new position in NCR Voyix during the first quarter worth about $37,539,000. First Pacific Advisors LP acquired a new stake in NCR Voyix in the 1st quarter worth about $33,241,000. Principal Financial Group Inc. acquired a new position in shares of NCR Voyix during the 1st quarter valued at about $8,739,000. Finally, Retirement Systems of Alabama purchased a new position in shares of NCR Voyix during the 1st quarter worth about $6,482,000. 97.00% of the stock is owned by institutional investors and hedge funds.

NCR Voyix Trading Down 3.6 %

VYX opened at $12.17 on Tuesday. The company has a debt-to-equity ratio of 102.52, a quick ratio of 0.71 and a current ratio of 0.90. NCR Voyix has a one year low of $10.99 and a one year high of $19.01. The company has a market cap of $1.76 billion, a P/E ratio of -4.04 and a beta of 1.54. The business’s 50-day simple moving average is $12.34 and its 200-day simple moving average is $14.51.

NCR Voyix (NYSE:VYX) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.92). The company had revenue of $963.00 million during the quarter, compared to analyst estimates of $959.23 million. NCR Voyix had a negative net margin of 5.98% and a positive return on equity of 21.46%. The business’s revenue was down .3% compared to the same quarter last year. As a group, equities research analysts expect that NCR Voyix will post 0.48 EPS for the current fiscal year.

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.