Needham & Company LLC Cuts NCR Voyix (NYSE:VYX) Price Target to $15.00

NCR Voyix (NYSE:VYX) had its price objective dropped by analysts at Needham & Company LLC from $20.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 30.49% from the company’s previous close.

NCR Voyix Stock Down 1.8 %

VYX opened at $11.50 on Friday. NCR Voyix has a one year low of $10.87 and a one year high of $15.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.20. The stock has a market capitalization of $1.68 billion, a P/E ratio of 2.66 and a beta of 1.62. The business’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $13.33.

Institutional Investors Weigh In On NCR Voyix

Several large investors have recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in NCR Voyix during the 4th quarter worth $587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NCR Voyix by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,131 shares of the company’s stock valued at $4,970,000 after acquiring an additional 54,387 shares during the period. Union Square Park Capital Management LLC purchased a new stake in NCR Voyix during the 4th quarter valued at approximately $2,768,000. Wolverine Trading LLC lifted its position in NCR Voyix by 58.1% during the 4th quarter. Wolverine Trading LLC now owns 39,313 shares of the company’s stock worth $541,000 after acquiring an additional 14,447 shares during the period. Finally, Vident Advisory LLC purchased a new position in shares of NCR Voyix in the 4th quarter valued at approximately $502,000. 97.00% of the stock is owned by institutional investors and hedge funds.

About NCR Voyix

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.