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 note issued to investors on Wednesday morning.

Several other research firms have also recently issued reports on DBD. DA Davidson raised their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $42.65 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -96.92 and a beta of 1.90. The firm’s fifty day simple moving average is $43.80 and its 200-day simple moving average is $44.14. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (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 forecast that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently modified their holdings of the company. Glendon Capital Management LP boosted its holdings in shares of Diebold Nixdorf by 4.8% during the fourth quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company’s stock valued at $56,729,000 after acquiring an additional 60,000 shares during the period. William Blair Investment Management LLC raised its stake in shares of Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock valued at $54,780,000 after purchasing an additional 350,808 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Diebold Nixdorf by 1.7% during the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares in the last quarter. Irenic Capital Management LP raised its stake in shares of Diebold Nixdorf by 10.6% during the fourth quarter. Irenic Capital Management LP now owns 633,327 shares of the technology company’s stock valued at $27,258,000 after purchasing an additional 60,548 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Diebold Nixdorf by 32.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock valued at $27,105,000 after purchasing an additional 153,511 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.