Diebold Nixdorf (NYSE:DBD) Receives “Outperform” Rating from Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating restated by analysts at Wedbush in a research report issued on Tuesday,Benzinga reports. They presently have a $80.00 price target on the technology company’s stock. Wedbush’s price target would suggest a potential upside of 29.94% from the stock’s current price.

Several other equities analysts also recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $80.00.

Diebold Nixdorf Stock Down 5.4%

DBD stock opened at $61.57 on Tuesday. Diebold Nixdorf has a 1-year low of $34.88 and a 1-year high of $66.28. The business’s 50 day simple moving average is $59.02 and its 200 day simple moving average is $56.43. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.21 billion, a PE ratio of -181.08 and a beta of 1.59.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. The firm had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. As a group, research analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has initiated a share buyback program on Wednesday, August 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 5,968,398 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC increased its position in Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after purchasing an additional 507 shares during the period. Jones Financial Companies Lllp increased its position in shares of Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after buying an additional 880 shares during the period. State of Wyoming bought a new position in Diebold Nixdorf during the first quarter worth $54,000. CWM LLC raised its holdings in shares of Diebold Nixdorf by 193.3% during the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at about $105,000. 97.04% of the stock is 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.