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

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a buy rating in a research note issued to investors on Monday.

Other equities analysts have also issued research reports about the company. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson lifted 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.

Diebold Nixdorf Stock Down 2.5 %

Shares of Diebold Nixdorf stock opened at $43.12 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 12-month low of $30.37 and a 12-month high of $51.81. The company has a market cap of $1.62 billion, a P/E ratio of -98.00 and a beta of 1.93. The company’s fifty day simple moving average is $43.71 and its two-hundred day simple moving average is $43.97.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (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 anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’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 completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Institutional investors and hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC boosted its position in shares of Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock valued at $54,780,000 after buying an additional 350,808 shares during the last quarter. Royce & Associates LP bought a new position in Diebold Nixdorf during the third quarter valued at approximately $7,901,000. Skylands Capital LLC boosted its holdings in Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Diebold Nixdorf by 32.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock worth $27,105,000 after purchasing an additional 153,511 shares during the period. Finally, Brandywine Global Investment Management LLC raised its stake in Diebold Nixdorf by 2,379.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company’s stock valued at $5,159,000 after buying an additional 115,033 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.