Royal Bank of Canada Reaffirms Outperform Rating for NCR Voyix (NYSE:VYX)

NCR Voyix (NYSE:VYX)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They currently have a $17.00 price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 71.11% from the stock’s current price.

Separately, Needham & Company LLC dropped 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.67.

NCR Voyix Stock Down 0.1 %

VYX stock opened at $9.94 on Tuesday. NCR Voyix has a twelve month low of $9.53 and a twelve month high of $15.34. The business has a 50 day moving average of $11.57 and a 200 day moving average of $12.97. The firm has a market cap of $1.38 billion, a PE ratio of 2.30 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 Trading of NCR Voyix

A number of hedge funds and other institutional investors have recently bought and sold shares of VYX. Truvestments Capital LLC bought a new stake in NCR Voyix during the third quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its position in NCR Voyix by 175.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,232 shares of the company’s stock worth $31,000 after buying an additional 1,423 shares during the last quarter. KBC Group NV increased its position in NCR Voyix by 55.1% during the fourth quarter. KBC Group NV now owns 7,148 shares of the company’s stock valued at $99,000 after acquiring an additional 2,540 shares during the last quarter. Xponance Inc. purchased a new position in shares of NCR Voyix during the 4th quarter worth about $146,000. Finally, Cibc World Markets Corp bought a new position in shares of NCR Voyix during the fourth quarter valued at approximately $188,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

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.