Wedbush Reaffirms “Neutral” Rating for Diebold Nixdorf (NYSE:DBD)

Wedbush restated their neutral rating on shares of Diebold Nixdorf (NYSE:DBD) in a research report released on Thursday, Marketbeat reports. They currently have a $40.00 price target on the technology company’s stock.

Separately, StockNews.com lowered shares of Diebold Nixdorf from a buy rating to a hold rating in a research report on Thursday, April 18th.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $32.03 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $33.67 and its 200-day simple moving average is $28.78. The company has a market cap of $1.20 billion and a PE ratio of 6.81. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $35.94.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $1.63. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities research analysts anticipate that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In related news, Director Marjorie L. Bowen purchased 2,290 shares of Diebold Nixdorf stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $33.98 per share, for a total transaction of $77,814.20. Following the acquisition, the director now directly owns 42,290 shares in the company, valued at $1,437,014.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Diebold Nixdorf news, Director Marjorie L. Bowen acquired 2,290 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $33.98 per share, for a total transaction of $77,814.20. Following the completion of the transaction, the director now owns 42,290 shares of the company’s stock, valued at approximately $1,437,014.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Octavio Marquez bought 1,000 shares of Diebold Nixdorf stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the transaction, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The disclosure for this purchase can be found here. Insiders sold a total of 458,315 shares of company stock worth $15,559,766 in the last three months. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DBD. Beach Point Capital Management LP acquired a new position in shares of Diebold Nixdorf in the 3rd quarter worth approximately $61,481,000. Arena Capital Advisors LLC CA acquired a new position in Diebold Nixdorf during the third quarter worth $33,785,000. Glendon Capital Management LP purchased a new position in shares of Diebold Nixdorf during the third quarter worth $21,074,000. Oaktree Capital Management LP purchased a new position in shares of Diebold Nixdorf during the third quarter worth $11,189,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Diebold Nixdorf by 411.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company’s stock valued at $10,918,000 after buying an additional 463,744 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

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.