NCR Voyix (NYSE:VYX) Price Target Lowered to $12.00 at Needham & Company LLC

NCR Voyix (NYSE:VYX) had its target price dropped by equities researchers at Needham & Company LLC from $15.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 43.66% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of NCR Voyix in a research note on Monday, December 29th. Zacks Research cut NCR Voyix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, The Goldman Sachs Group reduced their price target on shares of NCR Voyix from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.21.

NCR Voyix Trading Down 8.1%

NYSE:VYX traded down $0.74 during mid-day trading on Thursday, reaching $8.35. 1,506,908 shares of the company’s stock traded hands, compared to its average volume of 1,797,643. The company has a 50 day moving average price of $10.09 and a 200-day moving average price of $11.14. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -19.18 and a beta of 1.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.13 and a quick ratio of 0.94. NCR Voyix has a 12-month low of $7.55 and a 12-month high of $14.67.

NCR Voyix (NYSE:VYX) last posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $690.52 million. NCR Voyix had a positive return on equity of 5.08% and a negative net margin of 2.15%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. NCR Voyix has set its FY 2026 guidance at 0.930-0.960 EPS. On average, sell-side analysts predict that NCR Voyix will post -0.86 earnings per share for the current year.

Hedge Funds Weigh In On NCR Voyix

A number of hedge funds and other institutional investors have recently made changes to their positions in VYX. Vanguard Group Inc. raised its holdings in shares of NCR Voyix by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 18,087,393 shares of the company’s stock valued at $184,491,000 after acquiring an additional 383,873 shares in the last quarter. Boston Partners increased its holdings in NCR Voyix by 16.0% during the third quarter. Boston Partners now owns 5,796,446 shares of the company’s stock valued at $72,650,000 after buying an additional 799,058 shares during the period. State Street Corp lifted its holdings in NCR Voyix by 0.8% during the fourth quarter. State Street Corp now owns 5,730,485 shares of the company’s stock worth $58,451,000 after buying an additional 45,452 shares during the period. Dimensional Fund Advisors LP boosted its position in NCR Voyix by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,263 shares of the company’s stock valued at $50,341,000 after acquiring an additional 427,449 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of NCR Voyix by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 3,805,718 shares of the company’s stock valued at $44,641,000 after acquiring an additional 226,869 shares during the period. Institutional investors own 97.00% of the company’s stock.

About NCR Voyix

NCR Voyix is a technology company formed through the spin-off of NCR Corporation’s financial and digital commerce business. The company designs, manufactures and supports self-service solutions for banking and retail environments, with core offerings that include ATMs, kiosks, point-of-sale terminals and payment software. By blending hardware, cloud-based applications and managed services, NCR Voyix aims to help financial institutions and merchants modernize customer experiences and streamline transaction processing.

Building on more than a century of heritage under the NCR name, NCR Voyix leverages decades of engineering expertise and innovation in transaction automation.