DA Davidson Forecasts Strong Price Appreciation for Diebold Nixdorf (NYSE:DBD) Stock

Diebold Nixdorf (NYSE:DBD) had its target price upped by DA Davidson from $65.00 to $80.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Separately, Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD opened at $43.12 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.62 billion, a P/E ratio of -98.00 and a beta of 1.93. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81. The stock has a 50 day moving average of $43.71 and a 200-day moving average of $43.85.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts predict that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

Institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. Royce & Associates LP acquired a new position in Diebold Nixdorf in the third quarter valued at about $7,901,000. Skylands Capital LLC lifted its position in Diebold Nixdorf by 57.5% during the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after purchasing an additional 162,975 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 153,511 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its holdings in Diebold Nixdorf by 2,379.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company’s stock valued at $5,159,000 after buying an additional 115,033 shares during the period. 97.04% of the stock is currently owned by institutional investors.

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.