Diebold Nixdorf (NYSE:DBD) Raised to “Buy” at StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on DBD. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th. DA Davidson increased their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th.

Diebold Nixdorf Trading Down 0.7 %

Shares of Diebold Nixdorf stock opened at $43.22 on Wednesday. The business has a fifty day simple moving average of $43.77 and a two-hundred day simple moving average of $44.16. Diebold Nixdorf has a 1 year low of $30.37 and a 1 year high of $51.81. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -98.23 and a beta of 1.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. Research analysts forecast that Diebold Nixdorf will post 4.59 EPS for the current 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 reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DBD. William Blair Investment Management LLC raised 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 purchasing an additional 350,808 shares in the last quarter. Skylands Capital LLC raised its stake in Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after purchasing an additional 162,975 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 153,511 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Diebold Nixdorf by 2,379.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company’s stock valued at $5,159,000 after purchasing an additional 115,033 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Diebold Nixdorf by 460.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company’s stock valued at $5,199,000 after purchasing an additional 99,220 shares in the last quarter. Institutional investors and hedge funds 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.