Diebold Nixdorf (NYSE:DBD) Cut to Hold at StockNews.com

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other equities analysts have also weighed in on DBD. Wedbush reiterated 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 Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $41.76 on Tuesday. The firm has a market cap of $1.57 billion, a P/E ratio of -94.91 and a beta of 1.90. 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 1-year low of $30.37 and a 1-year high of $51.81. The business’s 50 day moving average is $43.68 and its 200-day moving average is $44.13.

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

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

Insiders Place Their Bets

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

A number of large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Diebold Nixdorf by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,335 shares of the technology company’s stock valued at $875,000 after purchasing an additional 3,639 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf in the 4th quarter valued at $82,000. ProShare Advisors LLC boosted its holdings in shares of Diebold Nixdorf by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company’s stock valued at $306,000 after purchasing an additional 2,343 shares in the last quarter. Man Group plc boosted its holdings in shares of Diebold Nixdorf by 49.2% in the 4th quarter. Man Group plc now owns 7,895 shares of the technology company’s stock valued at $340,000 after purchasing an additional 2,603 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Diebold Nixdorf by 104.8% in the 4th quarter. Millennium Management LLC now owns 140,091 shares of the technology company’s stock valued at $6,030,000 after purchasing an additional 71,673 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.