NCR Voyix Co. (NYSE:VYX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of NCR Voyix Co. (NYSE:VYX - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.43.

A number of equities research analysts recently commented on VYX shares. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. Royal Bank of Canada decreased their price objective on NCR Voyix from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. DA Davidson decreased their target price on NCR Voyix from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on NCR Voyix in a research note on Monday, October 14th. They issued a "neutral" rating and a $14.00 target price for the company.

NCR Voyix Price Performance

Shares of VYX stock traded up $0.12 on Tuesday, reaching $13.21. 715,420 shares of the stock were exchanged, compared to its average volume of 2,132,496. The stock has a market cap of $1.92 billion, a PE ratio of -3.30 and a beta of 1.63. NCR Voyix has a one year low of $10.87 and a one year high of $17.39. The stock has a 50 day moving average price of $13.21 and a 200 day moving average price of $13.07.

NCR Voyix (NYSE:VYX - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The firm had revenue of $876.00 million for the quarter, compared to the consensus estimate of $886.60 million. NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The company's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, research analysts expect that NCR Voyix will post -1.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James G. Kelly bought 14,800 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the acquisition, the insider now owns 46,900 shares of the company's stock, valued at approximately $628,929. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NCR Voyix news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the company's stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the purchase, the chief financial officer now directly owns 142,288 shares of the company's stock, valued at approximately $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James G. Kelly acquired 14,800 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the purchase, the insider now directly owns 46,900 shares of the company's stock, valued at approximately $628,929. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 46,492 shares of company stock worth $577,993. Corporate insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On NCR Voyix

A number of large investors have recently made changes to their positions in VYX. Principal Financial Group Inc. acquired a new stake in NCR Voyix during the first quarter worth approximately $8,739,000. Allspring Global Investments Holdings LLC acquired a new stake in NCR Voyix during the first quarter worth approximately $514,000. Retirement Systems of Alabama acquired a new stake in NCR Voyix during the first quarter worth approximately $6,482,000. Hollencrest Capital Management acquired a new stake in NCR Voyix during the first quarter worth approximately $299,000. Finally, First Pacific Advisors LP acquired a new stake in shares of NCR Voyix in the 1st quarter valued at $33,241,000. Institutional investors 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.