Diebold Nixdorf (NYSE:DBD) Rating Increased to Outperform at Wedbush

Diebold Nixdorf (NYSE:DBD) was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a $50.00 price objective on the technology company’s stock, up from their prior price objective of $40.00. Wedbush’s price objective suggests a potential upside of 44.84% from the stock’s previous close.

Separately, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, April 18th.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $34.52 on Friday. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $33.54 and a 200 day simple moving average of $29.02.

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

Insiders Place Their Bets

In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the transaction, the chief executive officer now owns 133,661 shares in the company, valued at $4,580,562.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Octavio Marquez purchased 1,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marjorie L. Bowen purchased 2,290 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of $33.98 per share, for a total transaction of $77,814.20. Following the transaction, the director now owns 42,290 shares in the company, valued at approximately $1,437,014.20. The disclosure for this purchase can be found here. Insiders sold 458,315 shares of company stock worth $15,559,766 over the last three months. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of large investors have recently added to or reduced their stakes in the business. Beach Point Capital Management LP purchased a new position in shares of Diebold Nixdorf during the third quarter valued at about $61,481,000. Impax Asset Management Group plc bought a new position in Diebold Nixdorf during the third quarter valued at approximately $771,000. Fidelity National Financial Inc. purchased a new stake in Diebold Nixdorf during the third quarter valued at approximately $1,948,000. Nomura Holdings Inc. purchased a new stake in Diebold Nixdorf during the third quarter valued at approximately $2,669,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Diebold Nixdorf in the third quarter worth $2,318,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

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.