NCR Voyix (NYSE:VYX) Shares Up 5.1% – Time to Buy?

Shares of NCR Voyix Corporation (NYSE:VYX) traded up 5.1% during trading on Friday. The company traded as high as $10.45 and last traded at $10.4650. Approximately 524,235 shares were traded during trading, a decline of 79% from the average daily volume of 2,452,112 shares. The stock had previously closed at $9.96.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank Of Canada increased their target price on NCR Voyix from $10.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Stephens assumed coverage on NCR Voyix in a research report on Friday. They set an “equal weight” rating and a $12.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective on shares of NCR Voyix in a report on Tuesday, September 29th. The Goldman Sachs Group reduced their price objective on NCR Voyix from $9.75 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised NCR Voyix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

NCR Voyix Trading Up 5.9%

The firm’s 50 day simple moving average is $7.95 and its 200-day simple moving average is $7.81. The company has a market capitalization of $1.43 billion, a PE ratio of 14.86 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 1.16.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $539.00 million for the quarter, compared to the consensus estimate of $538.85 million. NCR Voyix had a net margin of 4.48% and a return on equity of 11.38%. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities research analysts anticipate that NCR Voyix Corporation will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VYX. BlackRock Inc. acquired a new position in shares of NCR Voyix during the second quarter worth about $184,310,000. Dimensional Fund Advisors LP boosted its position in shares of NCR Voyix by 27.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,269,979 shares of the company’s stock worth $39,689,000 after buying an additional 1,334,716 shares during the period. Private Management Group Inc. grew its stake in shares of NCR Voyix by 14.3% in the second quarter. Private Management Group Inc. now owns 4,329,342 shares of the company’s stock valued at $35,371,000 after buying an additional 541,625 shares in the last quarter. Boston Partners grew its stake in shares of NCR Voyix by 53.0% in the third quarter. Boston Partners now owns 5,008,664 shares of the company’s stock valued at $34,257,000 after buying an additional 1,734,994 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of NCR Voyix by 72.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,301,936 shares of the company’s stock valued at $26,977,000 after buying an additional 1,384,935 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Company Profile

NCR Voyix Corporation provides software, technology and services to retailers and restaurants. Its offerings include point-of-sale systems, self-service checkout and ordering, payment solutions, and software that helps businesses manage operations and customer experiences across in-store and digital channels. The company was formed in 2023 when NCR Corporation separated its ATM-focused business into NCR Atleos and renamed the remaining company NCR Voyix. NCR Voyix later divested its digital banking business, sharpening its focus on retail and restaurant technology.