NCR Voyix (NYSE:VYX) Given New $16.00 Price Target at DA Davidson

NCR Voyix (NYSE:VYX) had its target price reduced by DA Davidson from $20.00 to $16.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

VYX has been the subject of a number of other reports. Stifel Nicolaus began coverage on shares of NCR Voyix in a research note on Wednesday, June 12th. They issued a buy rating and a $16.00 price objective for the company. Royal Bank of Canada lowered their price target on shares of NCR Voyix from $19.00 to $16.00 and set an outperform rating for the company in a report on Wednesday. Stephens reissued an overweight rating and set a $16.00 price objective on shares of NCR Voyix in a research note on Monday, May 13th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $20.00 price objective on shares of NCR Voyix in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $16.43.

NCR Voyix Stock Performance

Shares of VYX stock traded down $0.21 during trading hours on Friday, reaching $11.10. 3,662,050 shares of the company traded hands, compared to its average volume of 2,449,775. NCR Voyix has a 12-month low of $10.87 and a 12-month high of $19.01. The company has a market cap of $1.61 billion, a P/E ratio of -3.30 and a beta of 1.64. The firm has a 50-day moving average price of $13.27 and a 200 day moving average price of $13.29. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.93 and a quick ratio of 0.73.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The firm had revenue of $876.00 million for the quarter, compared to the consensus estimate of $886.60 million. NCR Voyix had a negative net margin of 7.88% and a positive return on equity of 27.60%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, sell-side analysts predict that NCR Voyix will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VYX. Vanguard Group Inc. purchased a new position in NCR Voyix in the first quarter worth approximately $216,302,000. LSV Asset Management acquired a new stake in NCR Voyix during the first quarter worth approximately $39,433,000. Senator Investment Group LP acquired a new stake in NCR Voyix during the first quarter worth approximately $37,890,000. Crescent Grove Advisors LLC acquired a new stake in NCR Voyix during the first quarter worth approximately $37,539,000. Finally, Clearbridge Investments LLC purchased a new position in NCR Voyix in the 1st quarter valued at $33,477,000. 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.