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

CJS Securities upgraded shares of Diebold Nixdorf (NYSE:DBD) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on DBD. DA Davidson boosted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th.

Diebold Nixdorf Stock Up 1.6 %

Diebold Nixdorf stock opened at $44.79 on Tuesday. The company has a 50 day moving average of $43.87 and a 200-day moving average of $44.27. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a twelve month low of $30.37 and a twelve month high of $51.81. The stock has a market capitalization of $1.69 billion, a PE ratio of -101.80 and a beta of 1.90.

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

Diebold Nixdorf declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

A number of institutional investors have recently made changes to their positions in DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock worth $619,000 after purchasing an additional 477 shares during the period. Rhumbline Advisers increased its position in Diebold Nixdorf by 1.6% during the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after buying an additional 639 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after buying an additional 723 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Diebold Nixdorf by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock valued at $542,000 after acquiring an additional 752 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Diebold Nixdorf by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company’s stock valued at $673,000 after acquiring an additional 856 shares in the last quarter. 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.