DA Davidson Boosts Diebold Nixdorf (NYSE:DBD) Price Target to $80.00

Diebold Nixdorf (NYSE:DBD) had its target price hoisted by research analysts at DA Davidson from $65.00 to $80.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s target price points to a potential upside of 81.20% from the company’s current price.

Separately, Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Trading Up 2.6 %

NYSE:DBD opened at $44.15 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a 50-day moving average of $43.70 and a 200-day moving average of $43.85. The company has a market cap of $1.66 billion, a PE ratio of -100.34 and a beta of 1.93. Diebold Nixdorf has a one year low of $30.37 and a one year high of $51.81.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glendon Capital Management LP boosted its holdings in Diebold Nixdorf by 4.8% during the fourth quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company’s stock worth $56,729,000 after purchasing an additional 60,000 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Diebold Nixdorf by 38.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock valued at $54,780,000 after acquiring an additional 350,808 shares during the last quarter. Geode Capital Management LLC boosted its stake in Diebold Nixdorf by 1.7% in the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after acquiring an additional 11,917 shares during the last quarter. Irenic Capital Management LP boosted its stake in Diebold Nixdorf by 10.6% in the fourth quarter. Irenic Capital Management LP now owns 633,327 shares of the technology company’s stock valued at $27,258,000 after acquiring an additional 60,548 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Diebold Nixdorf by 32.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock valued at $27,105,000 after acquiring an additional 153,511 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.