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

NCR Voyix (NYSE:VYX) had its price objective reduced by equities research analysts at Needham & Company LLC from $20.00 to $15.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 33.33% from the company’s previous close.

NCR Voyix Stock Performance

Shares of VYX stock opened at $11.25 on Friday. 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 company has a market capitalization of $1.64 billion, a P/E ratio of 2.60 and a beta of 1.62. The company’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $13.33. NCR Voyix has a 52 week low of $10.87 and a 52 week high of $15.34.

Institutional Trading of NCR Voyix

Several hedge funds have recently bought and sold shares of VYX. Penserra Capital Management LLC raised its holdings in shares of NCR Voyix by 44.1% in the third quarter. Penserra Capital Management LLC now owns 178,875 shares of the company’s stock valued at $2,427,000 after purchasing an additional 54,714 shares during the last quarter. Luxor Capital Group LP grew its stake in shares of NCR Voyix by 88.9% in the third quarter. Luxor Capital Group LP now owns 151,888 shares of the company’s stock valued at $2,061,000 after buying an additional 71,490 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of NCR Voyix by 92.2% in the third quarter. Harbor Capital Advisors Inc. now owns 985,854 shares of the company’s stock valued at $13,378,000 after buying an additional 472,904 shares in the last quarter. Engaged Capital LLC grew its stake in shares of NCR Voyix by 14.1% in the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after buying an additional 885,000 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of NCR Voyix by 129.1% in the third quarter. MetLife Investment Management LLC now owns 84,013 shares of the company’s stock valued at $1,140,000 after buying an additional 47,338 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

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.