Diebold Nixdorf (NYSE:DBD) Shares Gap Down – What’s Next?

Diebold Nixdorf, Incorporated (NYSE:DBD)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $49.89, but opened at $46.80. Diebold Nixdorf shares last traded at $43.00, with a volume of 86,373 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DBD. Wedbush reiterated an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a report on Monday. DA Davidson raised their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

Diebold Nixdorf Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. The company has a fifty day simple moving average of $44.46 and a two-hundred day simple moving average of $41.62.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The business had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. As a group, equities analysts forecast that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 1,150 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the purchase, the executive vice president now directly owns 24,262 shares in the company, valued at approximately $984,551.96. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 1,150 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the transaction, the executive vice president now owns 24,262 shares of the company’s stock, valued at $984,551.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas S. Timko purchased 1,400 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $38.71 per share, with a total value of $54,194.00. Following the transaction, the chief financial officer now owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,650 shares of company stock worth $141,935 over the last quarter. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in shares of Diebold Nixdorf during the second quarter valued at $34,000. nVerses Capital LLC acquired a new position in Diebold Nixdorf in the 2nd quarter valued at approximately $35,000. ClariVest Asset Management LLC lifted its position in Diebold Nixdorf by 1.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company’s stock worth $2,496,000 after buying an additional 1,067 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after buying an additional 2,576 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Diebold Nixdorf during the 1st quarter valued at $105,000. 97.04% of the stock is owned by institutional investors and hedge funds.

About Diebold Nixdorf

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.