NCR Voyix (NYSE:VYX) Shares Up 5.1% – What’s Next?

NCR Voyix Corporation (NYSE:VYX)’s share price traded up 5.1% during mid-day trading on Friday. The stock traded as high as $10.45 and last traded at $10.4650. 524,235 shares were traded during trading, a decline of 79% from the average daily volume of 2,452,112 shares. The stock had previously closed at $9.96.

Analyst Upgrades and Downgrades

VYX has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on NCR Voyix from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of NCR Voyix in a research note on Tuesday, September 29th. The Goldman Sachs Group reduced their price objective on shares of NCR Voyix from $9.75 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Stephens initiated coverage on shares of NCR Voyix in a report on Friday. They set an “equal weight” rating and a $12.00 price objective for the company. Finally, Weiss Ratings raised shares of NCR Voyix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.17.

NCR Voyix Price Performance

The company has a 50-day moving average of $7.98 and a 200-day moving average of $7.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.98 and a current ratio of 1.11. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.78 and a beta of 1.40.

NCR Voyix (NYSE:VYX) last announced its earnings results on Thursday, November 5th. The company reported $0.32 EPS for the quarter, topping 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 firm had revenue of $539.00 million for the quarter, compared to the consensus estimate of $538.85 million. During the same period last year, the company posted $0.31 EPS. The business’s quarterly revenue was down 21.2% on a year-over-year basis. As a group, research analysts anticipate that NCR Voyix Corporation will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On NCR Voyix

Several institutional investors have recently added to or reduced their stakes in the stock. FORA Capital LLC acquired a new position in NCR Voyix in the 3rd quarter worth $72,000. Marshall Wace LLP raised its stake in shares of NCR Voyix by 16.7% in the 3rd quarter. Marshall Wace LLP now owns 471,275 shares of the company’s stock valued at $3,224,000 after purchasing an additional 67,333 shares during the period. Empowered Funds LLC raised its stake in shares of NCR Voyix by 3.9% in the 3rd quarter. Empowered Funds LLC now owns 27,208 shares of the company’s stock valued at $186,000 after purchasing an additional 1,025 shares during the period. Boston Partners lifted its holdings in shares of NCR Voyix by 53.0% in the third quarter. Boston Partners now owns 5,008,664 shares of the company’s stock valued at $34,257,000 after purchasing an additional 1,734,994 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of NCR Voyix by 88.2% in the third quarter. Public Sector Pension Investment Board now owns 891,141 shares of the company’s stock valued at $6,407,000 after purchasing an additional 417,672 shares in the last quarter. 97.00% of the stock is owned by institutional investors.

About NCR Voyix

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.