Diebold Nixdorf (NYSE:DBD) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Separately, Wedbush upgraded shares of Diebold Nixdorf from a neutral rating to an outperform rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Friday, May 3rd.

Diebold Nixdorf Trading Up 2.7 %

Shares of Diebold Nixdorf stock opened at $40.21 on Wednesday. The company has a fifty day simple moving average of $40.16 and a 200-day simple moving average of $34.79. Diebold Nixdorf has a 12-month low of $16.50 and a 12-month high of $45.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $1.16. The business had revenue of $895.40 million for the quarter, compared to analyst estimates of $872.40 million. As a group, equities analysts expect that Diebold Nixdorf will post 5.79 earnings per share for the current year.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the sale, the insider now owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Frank Tobias Baur bought 4,200 shares of Diebold Nixdorf stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the purchase, the executive vice president now owns 23,112 shares of the company’s stock, valued at $911,999.52. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the completion of the sale, the insider now owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of large investors have recently made changes to their positions in DBD. Citigroup Inc. purchased a new position in shares of Diebold Nixdorf in the 3rd quarter valued at about $135,000. Public Employees Retirement System of Ohio purchased a new position in shares of Diebold Nixdorf in the 3rd quarter valued at about $79,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Diebold Nixdorf by 2.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock valued at $17,038,000 after purchasing an additional 12,088 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Diebold Nixdorf by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock valued at $914,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Skylands Capital LLC increased its holdings in shares of Diebold Nixdorf by 17.3% in the 4th quarter. Skylands Capital LLC now owns 136,900 shares of the technology company’s stock valued at $3,963,000 after purchasing an additional 20,200 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.