NCR Voyix (NYSE:VYX) Given Outperform Rating at Royal Bank of Canada

NCR Voyix (NYSE:VYX)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $17.00 target price on the stock. Royal Bank of Canada’s price target points to a potential upside of 69.41% from the company’s previous close.

Separately, Needham & Company LLC cut their price objective on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.67.

NCR Voyix Price Performance

Shares of NYSE VYX traded down $0.07 during mid-day trading on Tuesday, reaching $10.04. 209,357 shares of the company were exchanged, compared to its average volume of 1,779,009. NCR Voyix has a 52 week low of $9.53 and a 52 week high of $15.34. The company’s 50 day moving average price is $11.71 and its 200 day moving average price is $13.01. The stock has a market capitalization of $1.39 billion, a PE ratio of 2.32 and a beta of 1.56. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in NCR Voyix during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its stake in shares of NCR Voyix by 175.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock valued at $31,000 after purchasing an additional 1,423 shares during the period. KBC Group NV grew its holdings in shares of NCR Voyix by 55.1% in the fourth quarter. KBC Group NV now owns 7,148 shares of the company’s stock worth $99,000 after purchasing an additional 2,540 shares during the last quarter. Xponance Inc. purchased a new position in shares of NCR Voyix in the fourth quarter worth $146,000. Finally, Cibc World Markets Corp bought a new stake in NCR Voyix during the 4th quarter valued at $188,000. 97.00% of the stock is owned by institutional investors.

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.