Diebold Nixdorf (NYSE:DBD) Lifted to Buy at StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

DBD has been the topic of a number of other reports. DA Davidson increased their target price on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, September 12th.

Diebold Nixdorf Trading Up 0.9 %

Shares of DBD traded up $0.40 during midday trading on Thursday, hitting $42.70. 135,339 shares of the stock were exchanged, compared to its average volume of 184,900. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42. The firm has a market cap of $1.60 billion and a P/E ratio of 7.32. Diebold Nixdorf has a 52-week low of $17.38 and a 52-week high of $47.73. The stock has a fifty day simple moving average of $41.45 and a 200 day simple moving average of $39.54.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. On average, research analysts anticipate that Diebold Nixdorf will post 5.3 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In other news, CEO Octavio Marquez bought 1,100 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $37.34 per share, with a total value of $41,074.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 1,150 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $40.58 per share, with a total value of $46,667.00. Following the transaction, the executive vice president now owns 24,262 shares in the company, valued at approximately $984,551.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Octavio Marquez bought 1,100 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the transaction, the chief executive officer now directly owns 135,774 shares in the company, valued at approximately $5,069,801.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,650 shares of company stock valued at $141,935. 0.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new stake in shares of Diebold Nixdorf during the 2nd quarter worth approximately $34,000. nVerses Capital LLC acquired a new stake in Diebold Nixdorf during the 2nd quarter worth $35,000. ClariVest Asset Management LLC lifted its position in Diebold Nixdorf by 1.7% in the second quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company’s stock valued at $2,496,000 after acquiring an additional 1,067 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,576 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Diebold Nixdorf during the first quarter worth about $105,000. 97.04% of the stock is owned by institutional investors and hedge funds.

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.