Diebold Nixdorf (NYSE:DBD) Stock Rating Reaffirmed by Wedbush

Diebold Nixdorf (NYSE:DBD – Get Rating)‘s stock had its “outperform” rating restated by Wedbush in a report released on Friday, Benzinga reports. They currently have a $5.00 price objective on the technology company’s stock. Wedbush’s target price would suggest a potential upside of 426.32% from the company’s previous close.

Separately, StockNews.com began coverage on shares of Diebold Nixdorf in a report on Thursday. They issued a “sell” rating for the company.

Diebold Nixdorf Stock Down 58.7 %

Shares of NYSE DBD opened at $0.95 on Friday. The firm has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.40. The stock has a market capitalization of $75.13 million, a price-to-earnings ratio of -0.13 and a beta of 3.02. Diebold Nixdorf has a 52 week low of $0.86 and a 52 week high of $7.60.

Insiders Place Their Bets

In other news, CEO Octavio Marquez purchased 30,000 shares of the stock in a transaction dated Monday, February 13th. The shares were purchased at an average price of $2.28 per share, with a total value of $68,400.00. Following the transaction, the chief executive officer now owns 351,286 shares in the company, valued at approximately $800,932.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Octavio Marquez purchased 30,000 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was acquired at an average price of $2.28 per share, for a total transaction of $68,400.00. Following the acquisition, the chief executive officer now directly owns 351,286 shares of the company’s stock, valued at $800,932.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary G. Greenfield acquired 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was acquired at an average price of $2.88 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the director now directly owns 172,419 shares of the company’s stock, valued at approximately $496,566.72. The disclosure for this purchase can be found here. Corporate insiders own 4.18% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Diebold Nixdorf by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 65,264 shares of the technology company’s stock valued at $149,000 after purchasing an additional 2,330 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Diebold Nixdorf by 14.9% during the 1st quarter. MetLife Investment Management LLC now owns 28,775 shares of the technology company’s stock worth $194,000 after acquiring an additional 3,730 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Diebold Nixdorf by 11.7% during the 1st quarter. Hsbc Holdings PLC now owns 38,083 shares of the technology company’s stock valued at $257,000 after acquiring an additional 3,994 shares during the period. Thrivent Financial for Lutherans grew its position in Diebold Nixdorf by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 76,824 shares of the technology company’s stock valued at $187,000 after acquiring an additional 4,671 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Diebold Nixdorf by 10.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 59,893 shares of the technology company’s stock worth $147,000 after purchasing an additional 5,552 shares during the period. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Company Profile

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Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.