NCR Voyix Co. (NYSE:VYX) Receives Average Recommendation of 'Moderate Buy' from Analysts

NCR Voyix Co. (NYSE:VYX) is currently under coverage by seven analysts, who have collectively given the stock an average rating of 'Moderate Buy', according to data from Marketbeat. Among these analysts, one has assigned a 'hold' rating while six have recommended buying the stock. The expected average target price set by these analysts for the next twelve months is $15.71.

In a recent update, Needham & Company LLC reduced their price target for NCR Voyix from $20.00 to $15.00, while maintaining a 'buy' rating on the stock as of February 28th.

Recent Institutional Activity

Recently, there have been notable shifts in institutional holdings of NCR Voyix shares. Raymond James & Associates increased their stake by 3.6% during the third quarter, now holding 283,022 shares valued at approximately $3.841 million after buying an additional 9,817 shares. The Louisiana State Employees Retirement System also raised its stakes by 1.4%, acquiring 70,300 shares worth about $954,000 with a purchase of an extra 1,000 shares. Additionally, the State of Alaska Department of Revenue grew its holdings by 2.6%, owning 82,957 shares valued at $1.125 million after adding 2,073 shares to its position. Trajan Wealth LLC saw a significant increase of 25.6% in their investment, now owning 14,046 shares valued at $191,000. Finally, Private Management Group Inc. expanded its holdings by an impressive 37.8%, currently owning 2,316,872 shares worth approximately $31.44 million after acquiring an extra 635,062 shares. Overall, institutional investors control 97.00% of the stock.

Performance Metrics of NCR Voyix

NCR Voyix shares opened at $10.81 on a recent trading day. The stock exhibits a current ratio of 1.20, a quick ratio of 1.06, and a debt-to-equity ratio of 1.09. Over the last year, the stock has had a low of $9.87 and a high of $15.34. With a market capitalization of $1.58 billion, the company has a price-to-earnings (PE) ratio of 2.50 and a beta of 1.62. The fifty-day simple moving average is at $12.77, while the two-hundred day moving average stands at $13.32.

About NCR Voyix

NCR Voyix Corporation is engaged in providing a variety of software and services globally, including in the United States, the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three main segments: Retail, Restaurants, and Digital Banking, offering software, services, hardware, and digital banking solutions for both consumer and business customers of financial institutions.

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