NCR Voyix Co. (NYSE:VYX) Receives $16.43 Average Target Price from Analysts

Shares of NCR Voyix Co. (NYSE:VYX - Get Free Report) have received an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.43.

Several equities analysts recently issued reports on VYX shares. The Goldman Sachs Group started coverage on NCR Voyix in a research report on Monday, October 14th. They issued a "neutral" rating and a $14.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of NCR Voyix in a report on Monday, October 14th.

NCR Voyix Stock Performance

Shares of VYX stock traded down $0.76 on Friday, reaching $13.03. The stock had a trading volume of 1,542,789 shares, compared to its average volume of 1,211,748. The stock has a market cap of $1.90 billion, a P/E ratio of 3.02 and a beta of 1.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The company has a 50 day simple moving average of $14.17 and a 200 day simple moving average of $13.61. NCR Voyix has a 1 year low of $10.87 and a 1 year high of $16.16.

NCR Voyix (NYSE:VYX - Get Free Report) 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. Equities research analysts expect that NCR Voyix will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its position in NCR Voyix by 1.4% during the third quarter. Louisiana State Employees Retirement System now owns 70,300 shares of the company's stock worth $954,000 after acquiring an additional 1,000 shares during the last quarter. Arizona State Retirement System grew its holdings in NCR Voyix by 4.1% during the 2nd quarter. Arizona State Retirement System now owns 38,374 shares of the company's stock valued at $474,000 after purchasing an additional 1,509 shares in the last quarter. Inspire Investing LLC grew its holdings in NCR Voyix by 5.6% during the 3rd quarter. Inspire Investing LLC now owns 30,205 shares of the company's stock valued at $410,000 after purchasing an additional 1,606 shares in the last quarter. Truvestments Capital LLC acquired a new stake in NCR Voyix during the 3rd quarter valued at $25,000. Finally, State of Alaska Department of Revenue grew its holdings in NCR Voyix by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 82,957 shares of the company's stock worth $1,125,000 after acquiring an additional 2,073 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.