Diebold Nixdorf (NYSE:DBD) Stock Rating Reaffirmed by Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “neutral” rating reissued by stock analysts at Wedbush in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $40.00 price objective on the technology company’s stock. Wedbush’s price target indicates a potential upside of 24.80% from the stock’s current price.

Separately, StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th.

Diebold Nixdorf Trading Down 0.8 %

NYSE:DBD opened at $32.05 on Thursday. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $35.94. The business’s 50-day moving average price is $33.67 and its two-hundred day moving average price is $28.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.10.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $1.63. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts expect that Diebold Nixdorf will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In other Diebold Nixdorf news, CEO Octavio Marquez bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired 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 owns 133,661 shares in the company, valued at $4,580,562.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Octavio Marquez purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the purchase, the chief executive officer now directly owns 133,661 shares in the company, valued at approximately $4,580,562.47. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Millstreet Capital Management sold 457,715 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were 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 owns 6,477,361 shares in the company, valued at $219,906,405.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 458,315 shares of company stock worth $15,559,766. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DBD. Russell Investments Group Ltd. lifted its stake in Diebold Nixdorf by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock worth $914,000 after purchasing an additional 1,178 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Diebold Nixdorf during the fourth quarter worth about $46,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $79,000. Citigroup Inc. bought a new stake in shares of Diebold Nixdorf during the 3rd quarter valued at approximately $135,000. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Diebold Nixdorf during the first quarter worth $276,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.