NCR Voyix’s (VYX) Outperform Rating Reaffirmed at Royal Bank of Canada

NCR Voyix (NYSE:VYX)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They currently have a $17.00 price objective on the stock. Royal Bank of Canada’s price target suggests a potential upside of 71.11% from the company’s previous close.

Separately, Needham & Company LLC dropped their target price on NCR Voyix from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, NCR Voyix currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

NCR Voyix Trading Down 0.1 %

VYX stock opened at $9.94 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.09. NCR Voyix has a 52-week low of $9.53 and a 52-week high of $15.34. The company’s 50-day simple moving average is $11.57 and its 200-day simple moving average is $12.97. The firm has a market cap of $1.38 billion, a P/E ratio of 2.30 and a beta of 1.56.

Hedge Funds Weigh In On NCR Voyix

Several institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in shares of NCR Voyix by 6.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,239 shares of the company’s stock worth $197,000 after buying an additional 871 shares in the last quarter. Mariner LLC lifted its holdings in shares of NCR Voyix by 6.6% in the 4th quarter. Mariner LLC now owns 14,022 shares of the company’s stock valued at $194,000 after purchasing an additional 872 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in NCR Voyix by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,221 shares of the company’s stock valued at $211,000 after buying an additional 966 shares during the last quarter. Trajan Wealth LLC boosted its stake in NCR Voyix by 9.0% during the 4th quarter. Trajan Wealth LLC now owns 15,315 shares of the company’s stock worth $212,000 after purchasing an additional 1,269 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of NCR Voyix by 175.9% during 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 period. 97.00% of the stock is 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.