Diebold Nixdorf (NYSE:DBD) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a report released on Friday.

Several other analysts also recently weighed in on DBD. Wedbush reaffirmed an outperform rating and set a $50.00 price target on shares of Diebold Nixdorf in a research note on Thursday, September 12th. DA Davidson boosted their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the company a buy rating in a research note on Friday, August 9th.

Diebold Nixdorf Price Performance

Shares of DBD opened at $46.78 on Friday. Diebold Nixdorf has a 12 month low of $17.38 and a 12 month high of $47.73. The stock has a 50 day moving average of $41.95 and a 200 day moving average of $40.10. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. As a group, analysts expect that Diebold Nixdorf will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other news, CEO Octavio Marquez acquired 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the transaction, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Frank Tobias Baur acquired 1,150 shares of Diebold Nixdorf stock in a transaction dated Tuesday, August 27th. The shares were acquired 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 owns 24,262 shares in the company, valued at approximately $984,551.96. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Octavio Marquez acquired 1,100 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $37.34 per share, with a total value of $41,074.00. Following the purchase, the chief executive officer now directly owns 135,774 shares in the company, valued at approximately $5,069,801.16. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 3,650 shares of company stock valued at $141,935 over the last quarter. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC acquired a new stake in Diebold Nixdorf during the 1st quarter worth $502,000. Swiss National Bank purchased a new stake in shares of Diebold Nixdorf during the first quarter worth about $765,000. Gordian Capital Singapore Pte Ltd acquired a new position in Diebold Nixdorf in the second quarter valued at $1,876,000. Capital International Ltd. CA purchased a new position in shares of Diebold Nixdorf during the 1st quarter worth about $1,142,000. Finally, Renaissance Technologies LLC grew its position in Diebold Nixdorf by 233.4% during the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after acquiring an additional 174,800 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.