Diebold Nixdorf (NYSE:DBD) Downgraded to “Hold” at StockNews.com

Diebold Nixdorf (NYSE:DBD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts also recently commented on DBD. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Diebold Nixdorf in a report on Thursday, September 12th. DA Davidson raised their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Diebold Nixdorf Stock Down 0.0 %

Shares of DBD stock opened at $44.86 on Friday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 7.69 and a beta of 2.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. The company’s fifty day moving average price is $41.58 and its 200-day moving average price is $39.86. Diebold Nixdorf has a one year low of $17.38 and a one year high of $47.73.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. The firm had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $899.30 million. Sell-side analysts expect that Diebold Nixdorf will post 5.3 EPS for the current fiscal year.

Insider Activity

In related news, CEO Octavio Marquez bought 1,100 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the acquisition, the chief executive officer now owns 135,774 shares in the company, valued at $5,069,801.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Octavio Marquez purchased 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $37.34 per share, with a total value of $41,074.00. Following the purchase, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur purchased 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the acquisition, the executive vice president now directly owns 24,262 shares in the company, valued at $984,551.96. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,650 shares of company stock worth $141,935. 0.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank bought a new position in Diebold Nixdorf in the 2nd quarter valued at $34,000. nVerses Capital LLC bought a new position in shares of Diebold Nixdorf in the second quarter worth about $35,000. SG Americas Securities LLC purchased a new position in Diebold Nixdorf in the 1st quarter worth about $105,000. Summit Securities Group LLC purchased a new stake in Diebold Nixdorf in the 2nd quarter valued at about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Diebold Nixdorf by 215.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,576 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.