Wedbush Reaffirms Outperform Rating for Diebold Nixdorf (NYSE:DBD)

Wedbush restated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research report released on Wednesday,RTT News reports. Wedbush currently has a $60.00 price target on the technology company’s stock, up from their previous price target of $50.00.

Separately, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.

Diebold Nixdorf Trading Up 1.3 %

Shares of Diebold Nixdorf stock opened at $48.40 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $45.32 and a 200-day simple moving average of $42.67. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 372.31 and a beta of 1.85. Diebold Nixdorf has a 12-month low of $27.43 and a 12-month high of $51.81.

Institutional Trading of Diebold Nixdorf

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank acquired a new position in Diebold Nixdorf in the second quarter valued at $34,000. nVerses Capital LLC acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter worth $35,000. Summit Securities Group LLC purchased a new stake in shares of Diebold Nixdorf in the second quarter valued at about $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Diebold Nixdorf by 215.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,576 shares during the period. Finally, XTX Topco Ltd purchased a new position in Diebold Nixdorf during the third quarter worth about $275,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Company Profile

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.