Diebold Nixdorf (NYSE:DBD) Raised to Strong-Buy at Wall Street Zen

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other equities analysts have also weighed in on DBD. Wedbush increased their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. DA Davidson restated a “buy” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Diebold Nixdorf in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Diebold Nixdorf Price Performance

Shares of DBD opened at $54.94 on Friday. The firm has a market capitalization of $2.01 billion, a PE ratio of -161.58 and a beta of 1.59. The company’s 50-day moving average is $59.43 and its 200-day moving average is $53.05. Diebold Nixdorf has a fifty-two week low of $34.88 and a fifty-two week high of $63.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. Equities analysts forecast that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider directly owned 5,968,398 shares in the company, valued at $358,581,351.84. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Diebold Nixdorf

A number of large investors have recently bought and sold shares of DBD. AlphaQuest LLC grew its stake in Diebold Nixdorf by 3,621.4% during the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after buying an additional 507 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Diebold Nixdorf by 325.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. State of Wyoming acquired a new stake in shares of Diebold Nixdorf in the 1st quarter valued at approximately $54,000. Harbor Capital Advisors Inc. boosted its stake in shares of Diebold Nixdorf by 182.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company’s stock valued at $63,000 after purchasing an additional 926 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares in the last quarter. 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.