NCR Voyix’s (VYX) Buy Rating Reiterated at Needham & Company LLC

NCR Voyix (NYSE:VYX)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports. They presently have a $20.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 64.34% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of NCR Voyix in a report on Friday, April 5th. Northcoast Research upgraded shares of NCR Voyix from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, March 12th. The Goldman Sachs Group began coverage on shares of NCR Voyix in a research note on Monday, March 18th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, DA Davidson restated a “buy” rating and issued a $20.00 price objective on shares of NCR Voyix in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, NCR Voyix currently has an average rating of “Moderate Buy” and an average target price of $18.83.

NCR Voyix Stock Down 3.6 %

Shares of NYSE:VYX opened at $12.17 on Friday. NCR Voyix has a 1-year low of $10.99 and a 1-year high of $19.01. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.90 and a quick ratio of 0.71. The stock has a market cap of $1.76 billion, a P/E ratio of -4.04 and a beta of 1.54. The firm has a fifty day moving average price of $12.34 and a 200 day moving average price of $14.51.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.92). The company had revenue of $963.00 million for the quarter, compared to analysts’ expectations of $959.23 million. NCR Voyix had a positive return on equity of 21.46% and a negative net margin of 5.98%. NCR Voyix’s quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts predict that NCR Voyix will post 0.48 EPS for the current year.

Institutional Investors Weigh In On NCR Voyix

Institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management acquired a new position in shares of NCR Voyix in the 1st quarter valued at about $39,433,000. Crescent Grove Advisors LLC purchased a new position in shares of NCR Voyix in the 1st quarter valued at $37,539,000. First Pacific Advisors LP acquired a new position in shares of NCR Voyix during the 1st quarter valued at $33,241,000. Principal Financial Group Inc. purchased a new stake in NCR Voyix during the 1st quarter worth $8,739,000. Finally, Retirement Systems of Alabama acquired a new position in shares of NCR Voyix during the first quarter worth about $6,482,000. Hedge funds and other 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.