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

NCR Voyix (NYSE:VYX) announced its quarterly earnings data 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. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $692.58 million. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Trading Up 1.6 %

VYX stock traded up $0.23 during trading on Friday, reaching $14.20. The stock had a trading volume of 1,485,809 shares, compared to its average volume of 2,106,042. NCR Voyix has a 1-year low of $10.87 and a 1-year high of $17.39. The company has a market capitalization of $2.06 billion, a P/E ratio of 3.23 and a beta of 1.64. The firm has a fifty day moving average price of $13.22 and a 200 day moving average price of $13.11.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

VYX has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Monday, October 14th. Royal Bank of Canada lowered their price objective on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. DA Davidson decreased their price target on shares of NCR Voyix from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on shares of NCR Voyix in a research report on Monday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NCR Voyix currently has an average rating of “Moderate Buy” and an average price target of $16.43.

About NCR Voyix

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.