Diebold Nixdorf (NYSE:DBD) Raised to Buy at StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research analysts have also recently commented on DBD. DA Davidson increased their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Stock Down 2.5 %

Shares of DBD stock traded down $1.11 during trading on Monday, reaching $43.12. The company’s stock had a trading volume of 193,178 shares, compared to its average volume of 113,134. Diebold Nixdorf has a one year low of $30.37 and a one year high of $51.81. The business has a fifty day moving average price of $43.71 and a 200-day moving average price of $43.95. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -98.00 and a beta of 1.93. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results 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 positive return on equity of 14.28% and a negative net margin of 0.44%. Analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently modified their holdings of the stock. Glendon Capital Management LP lifted its stake in shares of Diebold Nixdorf by 4.8% during the 4th quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company’s stock worth $56,729,000 after buying an additional 60,000 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Diebold Nixdorf by 38.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock valued at $54,780,000 after acquiring an additional 350,808 shares during the period. Geode Capital Management LLC lifted its position in Diebold Nixdorf by 1.7% during the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock worth $32,087,000 after acquiring an additional 11,917 shares during the last quarter. Irenic Capital Management LP lifted its position in Diebold Nixdorf by 10.6% during the fourth quarter. Irenic Capital Management LP now owns 633,327 shares of the technology company’s stock worth $27,258,000 after acquiring an additional 60,548 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $27,105,000 after acquiring an additional 153,511 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.