Needham & Company LLC Reaffirms Buy Rating for NCR Voyix (NYSE:VYX)

NCR Voyix (NYSE:VYX)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $14.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 109.08% from the stock’s current price.

VYX has been the subject of a number of other reports. Royal Bank Of Canada raised their price objective on shares of NCR Voyix from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of NCR Voyix from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.40.

NCR Voyix Trading Down 0.1%

Shares of VYX opened at $6.70 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.19. NCR Voyix has a twelve month low of $6.02 and a twelve month high of $12.86. The stock has a market capitalization of $924.52 million, a P/E ratio of 16.74 and a beta of 1.42. The firm has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.48.

NCR Voyix (NYSE:VYX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. NCR Voyix had a net margin of 2.53% and a return on equity of 11.23%. The business had revenue of $523.00 million during the quarter, compared to analyst estimates of $515.95 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was down 21.5% on a year-over-year basis. NCR Voyix has set its FY 2026 guidance at 0.890-0.920 EPS. On average, research analysts anticipate that NCR Voyix will post 0.68 EPS for the current year.

Hedge Funds Weigh In On NCR Voyix

Several hedge funds have recently modified their holdings of VYX. BlackRock Inc. bought a new position in NCR Voyix during the second quarter valued at $184,310,000. Bank of America Corp DE bought a new position in NCR Voyix during the second quarter valued at $8,510,000. Masters Capital Management LLC lifted its position in NCR Voyix by 16.7% during the first quarter. Masters Capital Management LLC now owns 3,500,000 shares of the company’s stock valued at $22,155,000 after purchasing an additional 500,000 shares during the last quarter. First Trust Advisors LP bought a new position in NCR Voyix during the first quarter valued at $925,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in NCR Voyix during the second quarter valued at $3,763,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

About NCR Voyix

NCR Voyix Corporation (NYSE: VYX) is a global technology company that provides software and services for retailers and restaurants. Its platform is designed to help businesses manage customer interactions, sales, payments, operations and digital commerce across physical and online channels.

The company’s offerings include point-of-sale systems, self-checkout technology, digital ordering and delivery solutions, payment acceptance, loyalty programs, inventory and workforce management, back-office software, and related implementation and support services.