Diebold Nixdorf’s (DBD) Outperform Rating Reaffirmed at Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report issued on Thursday, Benzinga reports. They currently have a $50.00 price target on the technology company’s stock. Wedbush’s price objective suggests a potential upside of 15.53% from the stock’s current price.

Separately, StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Diebold Nixdorf Trading Down 0.5 %

Shares of NYSE DBD traded down $0.22 during midday trading on Thursday, reaching $43.28. 23,492 shares of the company’s stock traded hands, compared to its average volume of 195,345. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $41.44 and its 200-day simple moving average is $36.16. Diebold Nixdorf has a one year low of $16.50 and a one year high of $45.15.

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

Insider Buying and Selling at Diebold Nixdorf

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DBD. Citigroup Inc. purchased a new position in shares of Diebold Nixdorf in the third quarter worth $135,000. Public Employees Retirement System of Ohio purchased a new position in shares of Diebold Nixdorf during the third quarter worth $79,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Diebold Nixdorf by 2.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock worth $17,038,000 after purchasing an additional 12,088 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of 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. Finally, Skylands Capital LLC raised its holdings in shares of Diebold Nixdorf by 17.3% during the fourth quarter. Skylands Capital LLC now owns 136,900 shares of the technology company’s stock worth $3,963,000 after purchasing an additional 20,200 shares during the last quarter. Hedge funds and other 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.