StockNews.com Lowers Diebold Nixdorf (NYSE:DBD) to Hold

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research note published on Tuesday morning.

Separately, Wedbush upgraded Diebold Nixdorf from a neutral rating to an outperform rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Friday, May 3rd.

Diebold Nixdorf Trading Up 3.0 %

Shares of DBD stock opened at $38.36 on Tuesday. Diebold Nixdorf has a 52 week low of $16.50 and a 52 week high of $45.15. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $39.71 and a 200-day moving average of $34.49.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $1.16. The business had revenue of $895.40 million during the quarter, compared to analyst estimates of $872.40 million. Sell-side analysts predict that Diebold Nixdorf will post 5.79 earnings per share for the current year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 4,200 shares of the stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $39.46 per share, for a total transaction of $165,732.00. Following the purchase, the executive vice president now directly owns 23,112 shares of the company’s stock, valued at approximately $911,999.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Millstreet Capital Management sold 450,000 shares of Diebold Nixdorf stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frank Tobias Baur acquired 4,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the purchase, the executive vice president now directly owns 23,112 shares in the company, valued at approximately $911,999.52. The disclosure for this purchase can be found here. In the last three months, insiders have sold 450,200 shares of company stock worth $19,131,810. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DBD. Nomura Holdings Inc. purchased a new position in Diebold Nixdorf during the 3rd quarter valued at about $2,669,000. Ancora Advisors LLC purchased a new position in Diebold Nixdorf during the 3rd quarter valued at about $1,524,000. Cerberus Capital Management L.P. bought a new position in shares of Diebold Nixdorf in the third quarter worth approximately $8,186,000. Citigroup Inc. bought a new position in shares of Diebold Nixdorf in the third quarter worth approximately $135,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Diebold Nixdorf in the third quarter worth approximately $79,000. 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.