NCR Voyix (NYSE:VYX) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of NCR Voyix (NYSE:VYX - Free Report) in a report released on Monday morning, Marketbeat reports. The firm issued a neutral rating and a $14.00 target price on the stock.

VYX has been the topic of several other research reports. DA Davidson dropped their price target on NCR Voyix from $20.00 to $16.00 and set a buy rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada lowered their target price on NCR Voyix from $19.00 to $16.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Finally, Needham & Company LLC restated a buy rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Monday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $16.43.

NCR Voyix Price Performance

Shares of NYSE VYX traded down $0.12 during midday trading on Monday, reaching $13.23. 702,775 shares of the stock were exchanged, compared to its average volume of 2,203,116. NCR Voyix has a 12 month low of $10.87 and a 12 month high of $17.39. The business has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $13.01. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -3.96 and a beta of 1.63.

NCR Voyix (NYSE:VYX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The business had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm's revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that NCR Voyix will post -1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NCR Voyix news, CFO Brian J. Webb-Walsh acquired 10,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the transaction, the chief financial officer now directly owns 142,288 shares in the company, valued at approximately $1,637,734.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider James G. Kelly purchased 14,800 shares of NCR Voyix stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost 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 $628,929. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian J. Webb-Walsh acquired 10,000 shares of the 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 transaction, the chief financial officer now directly owns 142,288 shares in the company, valued at approximately $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 46,492 shares of company stock valued at $577,993 over the last 90 days. 0.61% of the stock is currently owned by insiders.

Institutional Trading of NCR Voyix

Hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC acquired a new stake in shares of NCR Voyix in the first quarter valued at approximately $761,000. Principal Financial Group Inc. bought a new position in shares of NCR Voyix in the first quarter worth $8,739,000. Allspring Global Investments Holdings LLC bought a new stake in NCR Voyix during the first quarter worth about $514,000. Retirement Systems of Alabama acquired a new stake in NCR Voyix during the first quarter worth about $6,482,000. Finally, Hollencrest Capital Management bought a new position in NCR Voyix in the 1st quarter valued at about $299,000. Institutional investors and hedge funds own 97.00% of the company's stock.

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.