NCR Voyix (NYSE:VYX) Coverage Initiated by Analysts at Stephens

Investment analysts at Stephens assumed coverage on shares of NCR Voyix (NYSE:VYX) in a report released on Friday, Benzinga reports. The firm set an “equal weight” rating and a $12.00 price target on the stock. Stephens‘s price objective points to a potential upside of 19.88% from the stock’s current price.

Several other brokerages also recently issued reports on VYX. Weiss Ratings raised shares of NCR Voyix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. The Goldman Sachs Group reduced their price target 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. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of NCR Voyix in a report on Tuesday, September 29th. Finally, Royal Bank Of Canada raised their price objective on NCR Voyix from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average price target of $12.17.

NCR Voyix Stock Down 4.2%

Shares of NYSE VYX opened at $10.01 on Friday. NCR Voyix has a 12-month low of $6.02 and a 12-month high of $11.31. The company has a market capitalization of $1.36 billion, a PE ratio of 14.10 and a beta of 1.40. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.11 and a quick ratio of 0.98. The firm’s 50-day moving average is $7.95 and its two-hundred day moving average is $7.81.

NCR Voyix (NYSE:VYX) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. NCR Voyix had a net margin of 4.48% and a return on equity of 11.38%. The business had revenue of $539.00 million for the quarter, compared to analyst estimates of $538.85 million. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis. Equities analysts anticipate that NCR Voyix will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in NCR Voyix in the second quarter valued at $184,310,000. Dimensional Fund Advisors LP increased its stake in NCR Voyix by 27.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,269,979 shares of the company’s stock worth $39,689,000 after acquiring an additional 1,334,716 shares during the last quarter. Private Management Group Inc. increased its stake in NCR Voyix by 14.3% during the second quarter. Private Management Group Inc. now owns 4,329,342 shares of the company’s stock worth $35,371,000 after acquiring an additional 541,625 shares during the last quarter. Boston Partners raised its holdings in shares of NCR Voyix by 53.0% in the 3rd quarter. Boston Partners now owns 5,008,664 shares of the company’s stock worth $34,257,000 after purchasing an additional 1,734,994 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of NCR Voyix by 72.2% in the 2nd quarter. Wellington Management Group LLP now owns 3,301,936 shares of the company’s stock worth $26,977,000 after purchasing 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.