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

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

DBD has been the subject of several other research reports. Wedbush restated 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 boosted 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 Stock Performance

Shares of NYSE:DBD opened at $44.26 on Thursday. The firm has a fifty day simple moving average of $41.46 and a two-hundred day simple moving average of $39.66. Diebold Nixdorf has a 52 week low of $17.38 and a 52 week high of $47.73. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.66 billion, a P/E ratio of 7.59 and a beta of 2.18.

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

Insider Transactions at Diebold Nixdorf

In other news, CEO Octavio Marquez acquired 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $37.34 per share, with a total value of $41,074.00. Following the completion of the purchase, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 1,150 shares of Diebold Nixdorf stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $40.58 per share, with a total value of $46,667.00. Following the completion of the purchase, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Octavio Marquez bought 1,100 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,650 shares of company stock valued at $141,935. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds have recently made changes to their positions in DBD. Amalgamated Bank bought a new position in shares of Diebold Nixdorf during the 2nd quarter worth approximately $34,000. nVerses Capital LLC purchased a new stake in shares of Diebold Nixdorf during the second quarter worth about $35,000. SG Americas Securities LLC acquired a new position in shares of Diebold Nixdorf during the first quarter valued at about $105,000. Summit Securities Group LLC purchased a new position in shares of Diebold Nixdorf in the 2nd quarter valued at approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Diebold Nixdorf by 215.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other 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.