Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research analysts have also commented on the company. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson raised their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, CJS Securities upgraded shares of Diebold Nixdorf to a “strong-buy” rating in a report on Tuesday, April 1st.

Diebold Nixdorf Stock Performance

Shares of DBD stock opened at $46.46 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf has a fifty-two week low of $34.38 and a fifty-two week high of $51.81. The company has a market capitalization of $1.75 billion, a P/E ratio of -105.59 and a beta of 1.73. The stock has a 50 day moving average price of $42.61 and a two-hundred day moving average price of $43.90.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. Analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the sale, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several large investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its position in Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after buying an additional 723 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Diebold Nixdorf by 182.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company’s stock valued at $63,000 after acquiring an additional 926 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth about $82,000. Vestcor Inc bought a new position in Diebold Nixdorf in the 4th quarter worth about $119,000. Finally, BNP Paribas Financial Markets purchased a new stake in Diebold Nixdorf during the 4th quarter valued at about $132,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.