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

Diebold Nixdorf (NYSE:DBD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Wedbush restated a “neutral” rating and issued a $25.00 price objective on shares of Diebold Nixdorf in a research note on Monday, February 12th.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $31.89 on Thursday. The stock’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $28.15. The firm has a market capitalization of $1.20 billion and a PE ratio of 6.79. Diebold Nixdorf has a fifty-two week low of $16.50 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.52.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $1.63. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, equities research analysts forecast that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the transaction, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total value of $15,539,424.25. Following the completion of the sale, the insider now directly owns 6,477,361 shares of the company’s stock, valued at $219,906,405.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Octavio Marquez bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $34.27 per share, with a total value of $34,270.00. Following the purchase, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 458,315 shares of company stock valued at $15,559,766. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock worth $23,520,000 after purchasing an additional 94,421 shares during the period. Cannon Global Investment Management LLC purchased a new position in Diebold Nixdorf during the 1st quarter worth $276,000. Vanguard Group Inc. acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $38,789,000. Barclays PLC purchased a new stake in shares of Diebold Nixdorf in the fourth quarter valued at about $1,491,000. Finally, Mariner Investment Group LLC acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth about $1,810,000. 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.