Wedbush Reiterates “Outperform” Rating for Diebold Nixdorf (NYSE:DBD)

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report released on Wednesday,RTT News reports. They presently have a $60.00 price objective on the technology company’s stock, up from their previous price objective of $50.00. Wedbush’s price objective indicates a potential upside of 21.51% from the company’s current price.

Separately, StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

Diebold Nixdorf Stock Up 1.4 %

Shares of Diebold Nixdorf stock traded up $0.70 during trading hours on Wednesday, hitting $49.38. 159,678 shares of the company’s stock traded hands, compared to its average volume of 184,940. Diebold Nixdorf has a twelve month low of $27.43 and a twelve month high of $51.81. The company has a market cap of $1.86 billion, a PE ratio of 379.85 and a beta of 1.85. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $45.07 and a 200-day simple moving average of $42.59.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DBD. William Blair Investment Management LLC acquired a new position in shares of Diebold Nixdorf during the 2nd quarter worth $12,849,000. Dimensional Fund Advisors LP boosted its holdings in Diebold Nixdorf by 89.9% in the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock worth $16,103,000 after purchasing an additional 198,177 shares in the last quarter. Royce & Associates LP acquired a new position in Diebold Nixdorf during the third quarter worth $7,901,000. Renaissance Technologies LLC lifted its position in shares of Diebold Nixdorf by 233.4% in the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock worth $9,608,000 after buying an additional 174,800 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Diebold Nixdorf by 21.6% during the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after acquiring an additional 89,840 shares in the last quarter. 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.