Diebold Nixdorf (NYSE:DBD) Stock Rating Lowered by Wall Street Zen

Diebold Nixdorf (NYSE:DBD) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Diebold Nixdorf in a research report on Saturday, September 27th. DA Davidson reissued a “buy” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Finally, Wedbush increased their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Diebold Nixdorf presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Diebold Nixdorf Trading Up 1.8%

Shares of NYSE:DBD opened at $58.24 on Friday. The firm has a fifty day moving average of $59.32 and a two-hundred day moving average of $52.50. Diebold Nixdorf has a 12-month low of $34.88 and a 12-month high of $63.46. The firm has a market capitalization of $2.13 billion, a P/E ratio of -171.29 and a beta of 1.59. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The firm had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. On average, equities analysts expect that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider owned 5,968,398 shares in the company, valued at $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

A number of large investors have recently added to or reduced their stakes in DBD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Diebold Nixdorf by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,335 shares of the technology company’s stock valued at $875,000 after acquiring an additional 3,639 shares during the last quarter. GAMMA Investing LLC lifted its stake in Diebold Nixdorf by 3,369.3% in the first quarter. GAMMA Investing LLC now owns 11,761 shares of the technology company’s stock valued at $514,000 after acquiring an additional 11,422 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Diebold Nixdorf by 182.3% in 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 during the last quarter. Ritholtz Wealth Management lifted its stake in Diebold Nixdorf by 96.3% in 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. Finally, Allspring Global Investments Holdings LLC lifted its stake in Diebold Nixdorf by 3.2% in 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 acquiring an additional 23,484 shares during the last quarter. Institutional investors and hedge funds 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.