Diebold Nixdorf (NYSE:DBD) Upgraded by CJS Securities to “Strong-Buy” Rating

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at CJS Securities to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on DBD. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. DA Davidson boosted their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Stock Up 1.6 %

Shares of DBD stock opened at $44.79 on Tuesday. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81. The company has a 50 day simple moving average of $43.87 and a two-hundred day simple moving average of $44.27. The stock has a market cap of $1.69 billion, a P/E ratio of -101.80 and a beta of 1.90. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. On average, research analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently made changes to their positions in DBD. Sterling Capital Management LLC lifted its stake in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after acquiring an additional 723 shares during the period. Virtus Investment Advisers Inc. bought a new position in Diebold Nixdorf in the fourth quarter worth approximately $82,000. Vestcor Inc purchased a new stake in Diebold Nixdorf during the fourth quarter worth $119,000. BNP Paribas Financial Markets bought a new position in shares of Diebold Nixdorf in the 4th quarter worth $132,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the fourth quarter valued at about $146,000. Institutional investors own 97.04% of the company’s stock.

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.