Royal Bank of Canada Reiterates Outperform Rating for NCR Voyix (NYSE:VYX)

Royal Bank of Canada reaffirmed their outperform rating on shares of NCR Voyix (NYSE:VYX) in a research report report published on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $17.00 target price on the stock.

Separately, Needham & Company LLC lowered their price objective on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NCR Voyix presently has an average rating of “Moderate Buy” and an average price target of $15.67.

NCR Voyix Stock Down 1.5 %

NYSE:VYX opened at $9.95 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $11.64 and a 200-day moving average of $12.99. The firm has a market capitalization of $1.38 billion, a PE ratio of 2.30 and a beta of 1.56. NCR Voyix has a 52 week low of $9.53 and a 52 week high of $15.34.

Hedge Funds Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC raised its stake in NCR Voyix by 44.1% during the 3rd quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock valued at $2,427,000 after acquiring an additional 54,714 shares in the last quarter. Luxor Capital Group LP increased its holdings in shares of NCR Voyix by 88.9% during the third quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock valued at $2,061,000 after purchasing an additional 71,490 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after purchasing an additional 1,423 shares in the last quarter. Engaged Capital LLC lifted its holdings in NCR Voyix by 14.1% in the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock worth $97,311,000 after purchasing an additional 885,000 shares during the period. Finally, MetLife Investment Management LLC grew its position in NCR Voyix by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock valued at $1,140,000 after buying an additional 47,338 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.