Royal Bank of Canada restated their outperform rating on shares of NCR Voyix (NYSE:VYX - Free Report) in a research note released on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $17.00 price objective on the stock.
Separately, Needham & Company LLC cut 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NCR Voyix has an average rating of "Moderate Buy" and an average target price of $15.67.
Check Out Our Latest Stock Analysis on NCR Voyix
NCR Voyix Stock Performance
VYX stock traded down $0.45 during trading hours on Tuesday, hitting $10.01. 2,058,172 shares of the stock were exchanged, compared to its average volume of 1,848,853. NCR Voyix has a 12 month low of $9.53 and a 12 month high of $15.34. 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 firm has a market capitalization of $1.39 billion, a P/E ratio of 2.32 and a beta of 1.56. The company has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $12.94.
Hedge Funds Weigh In On NCR Voyix
Several hedge funds and other institutional investors have recently made changes to their positions in VYX. Pathstone Holdings LLC increased its stake in NCR Voyix by 651.1% in the third quarter. Pathstone Holdings LLC now owns 211,551 shares of the company's stock valued at $2,871,000 after acquiring an additional 183,387 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of NCR Voyix in the 3rd quarter valued at $427,000. Charles Schwab Investment Management Inc. increased its stake in shares of NCR Voyix by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,582,882 shares of the company's stock valued at $35,050,000 after purchasing an additional 238,555 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of NCR Voyix by 44.1% during the 3rd quarter. Penserra Capital Management LLC now owns 178,875 shares of the company's stock worth $2,427,000 after buying an additional 54,714 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of NCR Voyix during the 3rd quarter worth $25,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.
About NCR Voyix
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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.
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