NCR Voyix (NYSE:VYX) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

NCR Voyix (NYSE:VYX) posted its earnings results on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.23), Zacks reports. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $692.58 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Price Performance

VYX traded up $0.17 on Friday, reaching $14.14. 1,303,759 shares of the company’s stock were exchanged, compared to its average volume of 2,105,203. The stock has a market cap of $2.06 billion, a PE ratio of 3.23 and a beta of 1.64. NCR Voyix has a twelve month low of $10.87 and a twelve month high of $17.39. The stock’s fifty day moving average price is $13.22 and its 200-day moving average price is $13.11.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a research report on Monday, October 14th. The Goldman Sachs Group initiated coverage on NCR Voyix in a report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price objective on the stock. DA Davidson reduced their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada dropped their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NCR Voyix has an average rating of “Moderate Buy” and an average price target of $16.43.

Insider Transactions at NCR Voyix

In related news, EVP Eric Schoch acquired 21,692 shares of NCR Voyix stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares in the company, valued at $1,239,369.49. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Eric Schoch acquired 21,692 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $12.19 per share, for a total transaction of $264,425.48. Following the completion of the transaction, the executive vice president now owns 101,671 shares in the company, valued at approximately $1,239,369.49. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James G. Kelly bought 14,800 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $13.41 per share, for a total transaction of $198,468.00. Following the completion of the acquisition, the insider now directly owns 46,900 shares in the company, valued at $628,929. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

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.