Diebold Nixdorf (NYSE:DBD) Lifted to Outperform at Wedbush

Wedbush upgraded shares of Diebold Nixdorf (NYSE:DBD) from a neutral rating to an outperform rating in a research report released on Friday morning, MarketBeat Ratings reports. Wedbush currently has $50.00 price target on the technology company’s stock, up from their previous price target of $40.00.

Separately, StockNews.com lowered shares of Diebold Nixdorf from a buy rating to a hold rating in a research note on Thursday, April 18th.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $38.00 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The business’s fifty day moving average is $33.61 and its two-hundred day moving average is $29.31. Diebold Nixdorf has a 1 year low of $16.50 and a 1 year high of $38.99.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 14th. The technology company reported $3.02 EPS for the quarter, beating the consensus estimate of $1.39 by $1.63. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts forecast that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In related news, CEO Octavio Marquez purchased 1,000 shares of Diebold Nixdorf stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $34.27 per share, with a total value of $34,270.00. Following the completion of the transaction, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the transaction, the insider now owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Octavio Marquez purchased 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the acquisition, the chief executive officer now owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The disclosure for this purchase can be found here. Insiders sold 458,315 shares of company stock valued at $15,559,766 over the last three months. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently modified their holdings of DBD. Skylands Capital LLC acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $2,210,000. Allspring Global Investments Holdings LLC grew its stake in shares of Diebold Nixdorf by 411.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company’s stock worth $10,918,000 after acquiring an additional 463,744 shares during the last quarter. Beach Point Capital Management LP acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $61,481,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $833,000. Finally, Impax Asset Management Group plc acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $771,000. Institutional investors and hedge funds 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.