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 Thursday.

Separately, Wedbush reiterated a neutral rating and issued a $25.00 target price on shares of Diebold Nixdorf in a research report on Monday, February 12th.

Diebold Nixdorf Stock Down 2.6 %

NYSE:DBD opened at $32.06 on Thursday. The stock’s 50-day simple moving average is $33.77 and its 200 day simple moving average is $28.06. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 1.16. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $35.94.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $1.39 by $1.63. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities analysts predict that Diebold Nixdorf will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other news, CEO Octavio Marquez bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the transaction, the chief executive officer now owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the completion of the transaction, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Octavio Marquez acquired 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $34.27 per share, with a total value of $34,270.00. Following the completion of the transaction, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The disclosure for this purchase can be found here. Over the last three months, insiders sold 458,315 shares of company stock worth $15,559,766. 0.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds have recently made changes to their positions in the stock. Beach Point Capital Management LP bought a new stake in Diebold Nixdorf in the third quarter worth approximately $61,481,000. Millennium Management LLC increased its holdings in Diebold Nixdorf by 400.8% in the fourth quarter. Millennium Management LLC now owns 3,959,686 shares of the technology company’s stock worth $5,623,000 after purchasing an additional 3,169,086 shares in the last quarter. Arena Capital Advisors LLC CA bought a new stake in Diebold Nixdorf in the third quarter worth approximately $33,785,000. Renaissance Technologies LLC bought a new stake in Diebold Nixdorf in the first quarter worth approximately $1,802,000. Finally, Vanguard Group Inc. bought a new stake in Diebold Nixdorf in the fourth quarter worth approximately $38,789,000. 97.04% of the stock is currently owned by institutional investors.

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.