Diebold Nixdorf (NYSE:DBD) Lowered to “Sell” at StockNews.com

Diebold Nixdorf (NYSE:DBDGet Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts have also issued research reports about the company. DA Davidson lowered their price target on Diebold Nixdorf from $15.00 to $7.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. downgraded Diebold Nixdorf from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 10th. Finally, Wedbush reiterated a “neutral” rating and set a $10.00 target price on shares of Diebold Nixdorf in a report on Thursday, May 5th.

DBD opened at $2.42 on Friday. The business has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $6.67. The firm has a market capitalization of $191.00 million, a price-to-earnings ratio of -0.75 and a beta of 3.01. Diebold Nixdorf has a one year low of $2.19 and a one year high of $13.95.

Diebold Nixdorf (NYSE:DBDGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The technology company reported ($1.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.39). The business had revenue of $829.80 million for the quarter, compared to the consensus estimate of $914.75 million. Diebold Nixdorf had a negative net margin of 6.69% and a negative return on equity of 7.51%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts anticipate that Diebold Nixdorf will post -0.78 earnings per share for the current fiscal year.

In related news, CEO Octavio Marquez purchased 48,791 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $2.27 per share, for a total transaction of $110,755.57. Following the purchase, the chief executive officer now directly owns 325,719 shares of the company’s stock, valued at approximately $739,382.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce H. Besanko purchased 7,152 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average price of $3.50 per share, for a total transaction of $25,032.00. Following the purchase, the director now directly owns 100,726 shares in the company, valued at $352,541. The disclosure for this purchase can be found here. Insiders have acquired a total of 104,756 shares of company stock worth $260,898 in the last quarter. Company insiders own 4.18% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Diebold Nixdorf by 2.4% in the 3rd quarter. California State Teachers Retirement System now owns 101,400 shares of the technology company’s stock worth $1,025,000 after buying an additional 2,378 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Diebold Nixdorf by 6.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,974,904 shares of the technology company’s stock valued at $35,973,000 after acquiring an additional 257,323 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in Diebold Nixdorf by 13.5% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 17,702 shares of the technology company’s stock valued at $179,000 after acquiring an additional 2,112 shares in the last quarter. Huntington National Bank lifted its position in Diebold Nixdorf by 56.0% in the 4th quarter. Huntington National Bank now owns 5,850 shares of the technology company’s stock valued at $53,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Diebold Nixdorf by 5.4% in the 3rd quarter. Invesco Ltd. now owns 818,434 shares of the technology company’s stock valued at $8,275,000 after acquiring an additional 41,927 shares in the last quarter. Institutional investors own 82.41% of the company’s stock.

Diebold Nixdorf Company Profile (Get Rating)

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in Western Europe, Eastern Europe, Asia, the Middle East, Africa, the United States, Canada, Mexico, and Latin America. It operates through Eurasia Banking, Americas Banking, and Retail segments.

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