Diebold Nixdorf (NYSE:DBD) Stock Rating Lowered by StockNews.com

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

Several other brokerages have also issued reports on DBD. DA Davidson upped their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Trading Down 2.3 %

NYSE DBD opened at $42.30 on Tuesday. Diebold Nixdorf has a one year low of $30.37 and a one year high of $51.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The business has a 50 day simple moving average of $43.69 and a 200 day simple moving average of $44.15. The stock has a market capitalization of $1.59 billion, a P/E ratio of -96.14 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Research analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds have recently added to or reduced their stakes in DBD. Sterling Capital Management LLC boosted its stake in shares of Diebold Nixdorf by 821.6% in the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after buying an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in Diebold Nixdorf in the fourth quarter valued at about $82,000. Vestcor Inc purchased a new position in Diebold Nixdorf in the fourth quarter worth about $119,000. BNP Paribas Financial Markets bought a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $146,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Company Profile

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.