Diebold Nixdorf (NYSE:DBD) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other brokerages have also weighed in on DBD. Wedbush reaffirmed an outperform rating and set a $50.00 target price on shares of Diebold Nixdorf in a research report on Thursday, September 12th. DA Davidson lifted their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a buy rating in a report on Friday, August 9th.

Diebold Nixdorf Trading Up 3.7 %

NYSE DBD opened at $44.26 on Thursday. The stock has a market cap of $1.66 billion, a PE ratio of 7.59 and a beta of 2.18. Diebold Nixdorf has a 12 month low of $17.38 and a 12 month high of $47.73. The company’s 50-day moving average price is $41.46 and its 200-day moving average price is $39.63. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The business had revenue of $939.70 million for the quarter, compared to the consensus estimate of $899.30 million. Equities research analysts forecast that Diebold Nixdorf will post 5.3 earnings per share for the current year.

Insider Activity at Diebold Nixdorf

In related news, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,774 shares in the company, valued at approximately $5,069,801.16. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Octavio Marquez purchased 1,100 shares of Diebold Nixdorf stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $37.34 per share, with a total value of $41,074.00. Following the transaction, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas S. Timko acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the transaction, the chief financial officer now owns 48,219 shares of the company’s stock, valued at $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,650 shares of company stock valued at $141,935 over the last ninety days. 0.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DBD. Amalgamated Bank purchased a new stake in Diebold Nixdorf during the second quarter valued at approximately $34,000. nVerses Capital LLC purchased a new stake in shares of Diebold Nixdorf during the 2nd quarter valued at $35,000. SG Americas Securities LLC acquired a new stake in shares of Diebold Nixdorf in the 1st quarter worth $105,000. Summit Securities Group LLC purchased a new position in Diebold Nixdorf during the 2nd quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after buying an additional 2,576 shares in 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.