The Goldman Sachs Group Cuts NCR Voyix (NYSE:VYX) Price Target to $11.00

NCR Voyix (NYSE:VYX) had its price target lowered by The Goldman Sachs Group from $13.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

VYX has been the topic of several other reports. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of NCR Voyix in a research note on Tuesday, March 25th. Needham & Company LLC lowered their target price on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating on the stock 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

NCR Voyix Stock Performance

VYX opened at $8.56 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market capitalization of $1.19 billion, a PE ratio of 1.98 and a beta of 1.56. The business has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $12.83. NCR Voyix has a 1 year low of $8.27 and a 1 year high of $15.34.

Hedge Funds Weigh In On NCR Voyix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shapiro Capital Management LLC increased its stake in NCR Voyix by 10.1% in the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after acquiring an additional 956,177 shares during the last quarter. Greenhouse Funds LLLP increased its stake in shares of NCR Voyix by 10.4% in the 4th quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after purchasing an additional 787,032 shares during the last quarter. Philosophy Capital Management LLC increased its stake in shares of NCR Voyix by 28.6% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,094,733 shares of the company’s stock valued at $41,996,000 after purchasing an additional 688,684 shares during the last quarter. Boston Partners raised its holdings in shares of NCR Voyix by 966.8% during the 4th quarter. Boston Partners now owns 732,480 shares of the company’s stock worth $10,131,000 after buying an additional 663,821 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of NCR Voyix by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 4,693,119 shares of the company’s stock worth $64,953,000 after buying an additional 621,303 shares during the last quarter. 97.00% of the stock is currently 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.