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

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

DBD has been the subject of several other research reports. DA Davidson upped their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Up 0.1 %

DBD stock opened at $43.84 on Wednesday. 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 firm has a market cap of $1.65 billion, a PE ratio of -99.64 and a beta of 1.90. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81. The firm has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $44.17.

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

Diebold Nixdorf declared that its board has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the company’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 value of $87,360.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DBD. Sterling Capital Management LLC raised its holdings in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after purchasing an additional 723 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at $82,000. Vestcor Inc bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at $119,000. BNP Paribas Financial Markets bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at $132,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at $146,000. Institutional investors own 97.04% of the company’s stock.

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.