Diebold Nixdorf (NYSE:DBD) Upgraded by StockNews.com to “Buy” Rating

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

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

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock opened at $42.65 on Wednesday. The company’s 50-day moving average price is $43.80 and its two-hundred day moving average price is $44.14. The stock has a market cap of $1.60 billion, a PE ratio of -96.92 and a beta of 1.90. Diebold Nixdorf has a 52 week low of $30.37 and a 52 week high of $51.81. 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 (NYSE:DBD) last issued its quarterly 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%. As a group, sell-side analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DBD. Sterling Capital Management LLC raised its stake in shares of Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after purchasing an additional 723 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Diebold Nixdorf in the fourth quarter valued at $82,000. Vestcor Inc bought a new stake in Diebold Nixdorf in the fourth quarter valued at $119,000. BNP Paribas Financial Markets bought a new stake in Diebold Nixdorf in the fourth quarter valued at $132,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Diebold Nixdorf in the fourth quarter valued at $146,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.