Diebold Nixdorf’s (DBD) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research report released on Monday, RTT News reports. They currently have a $50.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on DBD. DA Davidson upped their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

Diebold Nixdorf Stock Performance

DBD opened at $49.82 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42. Diebold Nixdorf has a 1-year low of $18.81 and a 1-year high of $51.81. The company’s fifty day moving average price is $44.46 and its two-hundred day moving average price is $41.62.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, beating 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 business had revenue of $939.70 million during the quarter, compared to analyst estimates of $899.30 million. As a group, equities research analysts expect that Diebold Nixdorf will post 5.3 earnings per share for the current year.

Insider Activity at Diebold Nixdorf

In other news, CFO Thomas S. Timko acquired 1,400 shares of the stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $38.71 per share, with a total value of $54,194.00. Following the completion of the transaction, the chief financial officer now owns 48,219 shares of the company’s stock, valued at $1,866,557.49. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Thomas S. Timko purchased 1,400 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $38.71 per share, with a total value of $54,194.00. Following the completion of the transaction, the chief financial officer now directly owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Octavio Marquez bought 1,100 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the purchase, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,650 shares of company stock worth $141,935 over the last quarter. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently made changes to their positions in DBD. Vanguard Group Inc. increased its holdings in shares of Diebold Nixdorf by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after purchasing an additional 38,248 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Diebold Nixdorf by 4.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock valued at $34,188,000 after buying an additional 31,152 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Diebold Nixdorf by 89.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 198,177 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Diebold Nixdorf in the 2nd quarter worth approximately $12,849,000. Finally, Skylands Capital LLC lifted its stake in shares of Diebold Nixdorf by 24.1% during the 2nd quarter. Skylands Capital LLC now owns 252,100 shares of the technology company’s stock worth $9,701,000 after purchasing an additional 49,000 shares during the last quarter. 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.