Diebold Nixdorf (NYSE:DBD) PT Raised to $25.00 at Wedbush

Diebold Nixdorf (NYSE:DBD) had its price target hoisted by stock analysts at Wedbush from $20.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Wedbush’s price objective indicates a potential upside of 17.54% from the company’s previous close. Wedbush also issued estimates for Diebold Nixdorf’s Q4 2024 earnings at $1.42 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com assumed coverage on shares of Diebold Nixdorf in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. DA Davidson raised shares of Diebold Nixdorf from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $29.00 in a research note on Friday.

Diebold Nixdorf Price Performance

NYSE DBD opened at $21.27 on Friday. The company’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $8.66. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $25.38.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman acquired 2,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were purchased at an average cost of $18.31 per share, with a total value of $36,620.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $36,620. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Hedge funds have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. grew its stake in shares of Diebold Nixdorf by 27.5% during the first quarter. Prescott Group Capital Management L.L.C. now owns 3,582,186 shares of the technology company’s stock valued at $4,299,000 after purchasing an additional 771,863 shares during the last quarter. Boulder Hill Capital Management LP acquired a new stake in Diebold Nixdorf in the first quarter worth $46,000. Federated Hermes Inc. raised its holdings in Diebold Nixdorf by 9.0% in the first quarter. Federated Hermes Inc. now owns 1,040,171 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 86,033 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Diebold Nixdorf by 75.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,654 shares of the technology company’s stock worth $61,000 after purchasing an additional 21,760 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in Diebold Nixdorf in the fourth quarter worth $29,000.

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.