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

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

Several other brokerages also recently commented on DBD. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson upped their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Diebold Nixdorf Price Performance

DBD stock opened at $43.29 on Monday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -98.39 and a beta of 1.89. The firm’s 50-day moving average price is $43.69 and its two-hundred day moving average price is $44.00. 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.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data 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%. As a group, equities analysts predict that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the transaction, the director now owns 40,000 shares in the company, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diebold Nixdorf by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock worth $619,000 after purchasing an additional 477 shares during the period. Rhumbline Advisers grew its holdings in Diebold Nixdorf by 1.6% in the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 639 shares during the period. Sterling Capital Management LLC grew its holdings in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after purchasing an additional 723 shares during the period. SG Americas Securities LLC grew its holdings in Diebold Nixdorf by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after purchasing an additional 752 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Diebold Nixdorf by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company’s stock worth $673,000 after purchasing an additional 856 shares during the period. Hedge funds and other 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.