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

Wedbush upgraded shares of Diebold Nixdorf (NYSE:DBD) from a neutral rating to an outperform rating in a research report released on Friday morning, Marketbeat Ratings reports. The firm currently has $50.00 target price on the technology company’s stock, up from their previous target price of $40.00.

Separately, StockNews.com cut Diebold Nixdorf from a buy rating to a hold rating in a research report on Thursday, April 18th.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD opened at $38.00 on Friday. Diebold Nixdorf has a one year low of $16.50 and a one year high of $38.99. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The business’s fifty day moving average price is $33.61 and its 200-day moving average price is $29.31.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 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 analysts’ expectations of $1.02 billion. On average, research analysts anticipate that Diebold Nixdorf will post 3.94 EPS for the current year.

Insider Buying and Selling

In related news, CEO Octavio Marquez acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $34.27 per share, with a total value of $34,270.00. Following the acquisition, the chief executive officer now owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Diebold Nixdorf 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 value of $15,539,424.25. Following the sale, the insider now owns 6,477,361 shares of the company’s stock, valued at approximately $219,906,405.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Octavio Marquez purchased 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $34.27 per share, for a total transaction of $34,270.00. Following the acquisition, the chief executive officer now owns 133,661 shares in the company, valued at $4,580,562.47. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 458,315 shares of company stock valued at $15,559,766. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently modified their holdings of the company. Beach Point Capital Management LP purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $61,481,000. Arena Capital Advisors LLC CA purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $33,785,000. Glendon Capital Management LP purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $21,074,000. Oaktree Capital Management LP purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $11,189,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Diebold Nixdorf by 411.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company’s stock valued at $10,918,000 after purchasing an additional 463,744 shares during the period. 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.