Diebold Nixdorf’s (DBD) Buy Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of Diebold Nixdorf (NYSE:DBD) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $80.00 price target on the technology company’s stock.

Several other analysts have also recently weighed in on DBD. Wall Street Zen upgraded Diebold Nixdorf from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Wedbush increased their price target on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $75.00.

Diebold Nixdorf Trading Down 0.5%

Shares of Diebold Nixdorf stock opened at $61.0920 on Tuesday. The stock has a market cap of $2.24 billion, a PE ratio of -179.68 and a beta of 1.68. The firm has a 50-day moving average of $57.13 and a 200-day moving average of $48.94. Diebold Nixdorf has a 52-week low of $34.88 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. As a group, sell-side analysts forecast that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a stock buyback program on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management grew its position in Diebold Nixdorf by 96.3% during the first quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company’s stock valued at $604,000 after acquiring an additional 6,782 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company’s stock valued at $529,000 after purchasing an additional 867 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Diebold Nixdorf by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company’s stock valued at $736,000 after purchasing an additional 3,276 shares during the period. Skylands Capital LLC boosted its stake in shares of Diebold Nixdorf by 23.3% during the first quarter. Skylands Capital LLC now owns 550,600 shares of the technology company’s stock valued at $24,072,000 after purchasing an additional 103,975 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Diebold Nixdorf by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company’s stock valued at $33,577,000 after purchasing an additional 23,484 shares during the period. 97.04% of the stock is currently owned by 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.