Diebold Nixdorf (NYSE:DBD) Upgraded by Wedbush to Outperform

Diebold Nixdorf (NYSE:DBD) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a $50.00 target price on the technology company’s stock, up from their previous target price of $40.00. Wedbush’s price objective would indicate a potential upside of 31.58% from the stock’s current price.

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

Diebold Nixdorf Trading Up 10.1 %

NYSE:DBD opened at $38.00 on Friday. Diebold Nixdorf has a 52-week low of $16.50 and a 52-week high of $38.99. The stock has a fifty day moving average of $33.61 and a 200 day moving average of $29.23. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.10.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $1.63. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities analysts forecast that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the transaction, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 457,715 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total value of $15,539,424.25. Following the completion of the sale, the insider now directly owns 6,477,361 shares of the company’s stock, valued at $219,906,405.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Octavio Marquez acquired 1,000 shares of Diebold Nixdorf stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the purchase, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The disclosure for this purchase can be found here. In the last three months, insiders sold 458,315 shares of company stock worth $15,559,766. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Beach Point Capital Management LP purchased a new position in shares of Diebold Nixdorf in the third quarter valued at about $61,481,000. Impax Asset Management Group plc purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $771,000. Fidelity National Financial Inc. purchased a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $1,948,000. Nomura Holdings Inc. purchased a new position in shares of Diebold Nixdorf during the third quarter valued at approximately $2,669,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Diebold Nixdorf during the third quarter valued at approximately $2,318,000. Institutional investors own 97.04% of the company’s stock.

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.