NCR Voyix (NYSE:VYX) Given New $11.00 Price Target at The Goldman Sachs Group

NCR Voyix (NYSE:VYX - Free Report) had its price target reduced by The Goldman Sachs Group from $13.00 to $11.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on the company. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of NCR Voyix in a research note on Tuesday, March 25th. Needham & Company LLC dropped their price objective on shares of NCR Voyix from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.17.

NCR Voyix Stock Down 3.3 %

Shares of NCR Voyix stock traded down $0.29 on Wednesday, hitting $8.29. The company had a trading volume of 3,800,491 shares, compared to its average volume of 1,855,953. NCR Voyix has a 1 year low of $7.00 and a 1 year high of $15.34. 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 stock has a 50 day moving average of $11.12 and a 200-day moving average of $12.82. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 1.92 and a beta of 1.49.

Institutional Investors Weigh In On NCR Voyix

Hedge funds have recently added to or reduced their stakes in the stock. Luxor Capital Group LP lifted its position in 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 NCR Voyix by 175.9% during the 4th 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 during the period. KLP Kapitalforvaltning AS bought a new position in shares of NCR Voyix during the fourth quarter worth $412,000. MetLife Investment Management LLC lifted its position in shares of NCR Voyix by 129.1% in the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company's stock worth $1,140,000 after buying an additional 47,338 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NCR Voyix by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,746,088 shares of the company's stock valued at $38,006,000 after purchasing an additional 163,206 shares in the last quarter. 97.00% of the stock is owned by institutional investors.

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.