NCR Voyix (NYSE:VYX) Shares Gap Up - Still a Buy?

NCR Voyix Co. (NYSE:VYX - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.71, but opened at $12.50. NCR Voyix shares last traded at $12.29, with a volume of 458,172 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC cut their price target on shares of NCR Voyix from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and an average price target of $15.71.

NCR Voyix Stock Down 8.0 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The firm's 50 day moving average is $12.85 and its two-hundred day moving average is $13.34. The firm has a market capitalization of $1.52 billion, a P/E ratio of 2.40 and a beta of 1.62.

Institutional Investors Weigh In On NCR Voyix

Several hedge funds have recently added to or reduced their stakes in VYX. Raymond James & Associates lifted its holdings in NCR Voyix by 3.6% during the 3rd quarter. Raymond James & Associates now owns 283,022 shares of the company's stock valued at $3,841,000 after purchasing an additional 9,817 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in NCR Voyix by 1.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 70,300 shares of the company's stock valued at $954,000 after purchasing an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue lifted 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 valued at $1,125,000 after purchasing an additional 2,073 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of NCR Voyix by 92.2% during the third quarter. Harbor Capital Advisors Inc. now owns 985,854 shares of the company's stock worth $13,378,000 after buying an additional 472,904 shares in the last quarter. Finally, ASB Consultores LLC acquired a new stake in shares of NCR Voyix during the third quarter worth $216,000. Institutional investors and hedge funds 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.