DA Davidson Upgrades Diebold Nixdorf (NYSE:DBD) to “Buy”

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $29.00 price target on the technology company’s stock, up from their previous price target of $25.00. DA Davidson’s price target would indicate a potential upside of 36.34% from the stock’s previous close.

A number of other research firms have also recently commented on DBD. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of Diebold Nixdorf in a research report on Monday, October 30th. StockNews.com initiated coverage on Diebold Nixdorf in a research report on Thursday, October 5th. They set a “hold” rating on the stock.

Diebold Nixdorf Price Performance

NYSE:DBD opened at $21.27 on Friday. The business’s fifty day moving average price is $18.57 and its 200 day moving average price is $8.66. Diebold Nixdorf has a 12 month low of $16.50 and a 12 month high of $25.38.

Insider Transactions at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman purchased 2,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average price of $18.31 per share, with a total value of $36,620.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $36,620. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently made changes to their positions in DBD. Swiss National Bank grew its holdings in shares of Diebold Nixdorf by 8.2% during the first quarter. Swiss National Bank now owns 176,059 shares of the technology company’s stock worth $1,185,000 after buying an additional 13,400 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Diebold Nixdorf by 11.4% in the 1st quarter. JPMorgan Chase & Co. now owns 62,934 shares of the technology company’s stock valued at $423,000 after purchasing an additional 6,422 shares in the last quarter. Raymond James & Associates purchased a new stake in Diebold Nixdorf in the 1st quarter valued at approximately $103,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Diebold Nixdorf by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,100 shares of the technology company’s stock valued at $297,000 after purchasing an additional 8,938 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Diebold Nixdorf by 14.9% in the 1st quarter. MetLife Investment Management LLC now owns 28,775 shares of the technology company’s stock valued at $194,000 after purchasing an additional 3,730 shares in the last quarter.

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.