Needham & Company LLC Reiterates “Buy” Rating for NCR Voyix (NYSE:VYX)

Needham & Company LLC reissued their buy rating on shares of NCR Voyix (NYSE:VYX) in a research note issued to investors on Monday,Benzinga reports. They currently have a $15.00 price target on the stock.

A number of other analysts have also weighed in on VYX. Stephens upped their price objective on NCR Voyix from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Stifel Nicolaus upped their price objective on NCR Voyix from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.57.

NCR Voyix Stock Up 0.0%

NCR Voyix stock opened at $12.56 on Monday. NCR Voyix has a twelve month low of $7.55 and a twelve month high of $15.34. The stock’s fifty day simple moving average is $13.04 and its 200-day simple moving average is $11.50. The company has a current ratio of 1.16, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $1.74 billion, a P/E ratio of 1.76 and a beta of 1.71.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. NCR Voyix had a negative return on equity of 2.84% and a net margin of 38.86%.The business had revenue of $666.00 million for the quarter, compared to analyst estimates of $648.13 million. During the same quarter in the prior year, the company earned ($0.20) earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. NCR Voyix has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, equities analysts expect that NCR Voyix will post -0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NCR Voyix

Several large investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its holdings in NCR Voyix by 22.4% in the second quarter. Texas Permanent School Fund Corp now owns 76,259 shares of the company’s stock valued at $895,000 after buying an additional 13,935 shares during the last quarter. Marex Group plc purchased a new position in NCR Voyix in the second quarter valued at $1,256,000. Public Sector Pension Investment Board increased its holdings in NCR Voyix by 1.4% in the second quarter. Public Sector Pension Investment Board now owns 469,618 shares of the company’s stock valued at $5,509,000 after buying an additional 6,666 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in NCR Voyix by 45.2% in the second quarter. Tower Research Capital LLC TRC now owns 21,114 shares of the company’s stock valued at $248,000 after buying an additional 6,577 shares during the last quarter. Finally, Fund 1 Investments LLC purchased a new position in NCR Voyix in the second quarter valued at $11,742,000. 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.