NCR Voyix (NYSE:VYX) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of NCR Voyix (NYSE:VYX) in a report published on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $14.00 target price on the stock.

A number of other equities research analysts also recently weighed in on VYX. DA Davidson lowered their target price on shares of NCR Voyix from $20.00 to $16.00 and set a buy rating on the stock in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a buy rating and issued a $20.00 target price on shares of NCR Voyix in a research note on Monday. Finally, Royal Bank of Canada lowered their target price on shares of NCR Voyix from $19.00 to $16.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.43.

NCR Voyix Trading Down 0.9 %

Shares of NCR Voyix stock opened at $13.23 on Monday. NCR Voyix has a 12-month low of $10.87 and a 12-month high of $17.39. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -3.94 and a beta of 1.63. The company’s 50-day moving average price is $13.00 and its 200-day moving average price is $13.01.

NCR Voyix (NYSE:VYX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). NCR Voyix had a positive return on equity of 7.35% and a negative net margin of 11.68%. The firm had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts predict that NCR Voyix will post -1.44 earnings per share for the current year.

Insider Transactions at NCR Voyix

In other news, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the completion of the purchase, the chief financial officer now directly owns 142,288 shares in the company, valued at $1,637,734.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Eric Schoch bought 21,692 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of $12.19 per share, with a total value of $264,425.48. Following the completion of the purchase, the executive vice president now directly owns 101,671 shares in the company, valued at $1,239,369.49. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian J. Webb-Walsh bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $11.51 per share, for a total transaction of $115,100.00. Following the completion of the purchase, the chief financial officer now owns 142,288 shares of the company’s stock, valued at $1,637,734.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 46,492 shares of company stock worth $577,993. 0.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VYX. Vanguard Group Inc. purchased a new position in NCR Voyix during the 1st quarter valued at $216,302,000. Engaged Capital LLC increased its position in NCR Voyix by 7.7% during the 2nd quarter. Engaged Capital LLC now owns 6,286,029 shares of the company’s stock valued at $77,632,000 after purchasing an additional 450,000 shares during the period. Shapiro Capital Management LLC purchased a new position in NCR Voyix during the 2nd quarter valued at $75,914,000. First Pacific Advisors LP increased its position in NCR Voyix by 31.3% during the 2nd quarter. First Pacific Advisors LP now owns 3,455,892 shares of the company’s stock valued at $42,680,000 after purchasing an additional 824,008 shares during the period. Finally, LSV Asset Management purchased a new position in NCR Voyix during the 1st quarter valued at $39,433,000. 97.00% of the stock is owned by hedge funds and other institutional investors.

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.