StockNews.com Lowers Diebold Nixdorf (NYSE:DBD) to Hold

StockNews.com lowered shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Separately, Wedbush upgraded shares of Diebold Nixdorf from a neutral rating to an outperform rating and upped their price target for the stock from $40.00 to $50.00 in a research report on Friday, May 3rd.

Diebold Nixdorf Trading Up 1.9 %

Shares of NYSE:DBD opened at $40.76 on Thursday. Diebold Nixdorf has a 52 week low of $16.50 and a 52 week high of $45.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The company’s fifty day moving average is $41.12 and its 200-day moving average is $35.30.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $1.16. The company had revenue of $895.40 million for the quarter, compared to analyst estimates of $872.40 million. On average, equities analysts forecast that Diebold Nixdorf will post 5.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Frank Tobias Baur acquired 4,200 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $39.46 per share, with a total value of $165,732.00. Following the acquisition, the executive vice president now owns 23,112 shares of the company’s stock, valued at approximately $911,999.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Frank Tobias Baur purchased 4,200 shares of the stock in a transaction dated Tuesday, May 7th. The stock was bought at an average cost of $39.46 per share, with a total value of $165,732.00. Following the purchase, the executive vice president now directly owns 23,112 shares in the company, valued at approximately $911,999.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the sale, the insider now directly owns 6,027,361 shares of the company’s stock, valued at $256,162,842.50. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of Diebold Nixdorf by 149.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,593 shares of the technology company’s stock valued at $292,000 after acquiring an additional 4,553 shares during the last quarter. California State Teachers Retirement System bought a new stake in Diebold Nixdorf during the 1st quarter worth approximately $364,000. Capital International Ltd. CA bought a new stake in Diebold Nixdorf during the 1st quarter worth approximately $1,142,000. Vanguard Group Inc. increased its stake in Diebold Nixdorf by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after purchasing an additional 38,248 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Diebold Nixdorf by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 36,906 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 5,327 shares in the last quarter. 97.04% of the stock is 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.