Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a buy rating in a research note released on Monday morning.

A number of other equities research analysts have also recently commented on the stock. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson raised their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD opened at $43.12 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 12-month low of $30.37 and a 12-month high of $51.81. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -98.00 and a beta of 1.93. The firm has a 50 day moving average of $43.71 and a 200 day moving average of $43.97.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS 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, research analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after purchasing an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth $82,000. Vestcor Inc bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth about $119,000. BNP Paribas Financial Markets purchased a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Diebold Nixdorf in the 4th quarter valued at about $146,000. 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.