Brokerages Set NCR Voyix Co. (NYSE:VYX) Price Target at $16.43

Shares of NCR Voyix Co. (NYSE:VYX) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.43.

A number of research analysts have recently commented on VYX shares. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, October 14th. They set a “neutral” rating and a $14.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research report on Monday, October 14th.

Hedge Funds Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in shares of NCR Voyix during the third quarter worth $25,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in NCR Voyix in the 3rd quarter worth $136,000. MBB Public Markets I LLC acquired a new stake in shares of NCR Voyix during the second quarter valued at about $134,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of NCR Voyix during the second quarter worth about $137,000. Finally, Qsemble Capital Management LP acquired a new position in shares of NCR Voyix in the second quarter worth about $162,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

NCR Voyix Stock Up 0.2 %

Shares of NYSE VYX opened at $13.13 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 3.04 and a beta of 1.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. NCR Voyix has a 1 year low of $10.87 and a 1 year high of $15.98. The firm’s 50 day moving average price is $14.17 and its 200 day moving average price is $13.61.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). NCR Voyix had a net margin of 19.08% and a negative return on equity of 47.67%. The business had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $692.58 million. During the same period in the prior year, the firm earned $0.77 EPS. NCR Voyix’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that NCR Voyix will post -0.66 earnings per share for the current year.

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.