NCR Voyix (NYSE:VYX) Stock Jumps 8.1% – Should You Buy?

Shares of NCR Voyix Corporation (NYSE:VYX) were up 8.1% on Monday. The stock traded as high as $9.09 and last traded at $9.1650. 210,552 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,400,869 shares. The stock had previously closed at $8.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VYX shares. Weiss Ratings raised shares of NCR Voyix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 4th. The Goldman Sachs Group cut their price target on shares of NCR Voyix from $9.75 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Royal Bank Of Canada increased their price target on shares of NCR Voyix from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of NCR Voyix in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NCR Voyix presently has a consensus rating of “Moderate Buy” and an average target price of $12.20.

NCR Voyix Trading Down 0.8%

The firm’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $7.83. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.22 billion, a PE ratio of 22.11 and a beta of 1.40.

NCR Voyix (NYSE:VYX) last released 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 return on equity of 11.23% and a net margin of 2.53%. The firm had revenue of $523.00 million for the quarter, compared to the consensus estimate of $515.95 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The company’s quarterly revenue was down 21.5% on a year-over-year basis. Equities analysts expect that NCR Voyix Corporation will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On NCR Voyix

Several institutional investors and hedge funds have recently bought and sold shares of VYX. CenterBook Partners LP bought a new position in shares of NCR Voyix during the third quarter valued at about $78,000. Villanova Investment Management Co boosted its holdings in shares of NCR Voyix by 6.5% during the third quarter. Villanova Investment Management Co now owns 498,700 shares of the company’s stock worth $3,411,000 after purchasing an additional 30,390 shares during the period. State of Wyoming boosted its holdings in shares of NCR Voyix by 3.9% during the third quarter. State of Wyoming now owns 85,372 shares of the company’s stock worth $584,000 after purchasing an additional 3,186 shares during the period. IFP Advisors Inc grew its stake in shares of NCR Voyix by 67.8% in the third quarter. IFP Advisors Inc now owns 9,171 shares of the company’s stock worth $63,000 after purchasing an additional 3,704 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of NCR Voyix in the third quarter worth about $824,000. 97.00% of the stock is currently owned by institutional investors.

NCR Voyix Company Profile

NCR Voyix Corporation (NYSE: VYX) is a global technology company that provides software, hardware and services for businesses in the retail, restaurant and financial services industries. Its solutions are designed to help companies manage transactions, customer engagement, payments, inventory and other commerce-related operations across physical and digital channels.

The company’s offerings include point-of-sale systems, self-checkout technology, payment solutions, order and fulfillment tools, loyalty programs, digital commerce platforms and related hardware and support services.