Diebold Nixdorf (NYSE:DBD) Stock Passes Above 200-Day Moving Average After Analyst Downgrade

Diebold Nixdorf, Incorporated (NYSE:DBD) crossed above its 200-day moving average during trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $52.67 and traded as high as $58.93. Diebold Nixdorf shares last traded at $58.31, with a volume of 128,713 shares.

Separately, Wedbush boosted their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Buying and Selling at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $60.08, for a total value of $2,340,897.04. Following the transaction, the insider owned 5,968,398 shares in the company, valued at $358,581,351.84. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Diebold Nixdorf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,890,777 shares of the technology company’s stock valued at $82,665,000 after purchasing an additional 33,149 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Diebold Nixdorf by 9.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock valued at $89,894,000 after purchasing an additional 140,290 shares during the period. Glendon Capital Management LP increased its holdings in shares of Diebold Nixdorf by 13.7% in the 1st quarter. Glendon Capital Management LP now owns 1,498,282 shares of the technology company’s stock valued at $65,505,000 after purchasing an additional 180,232 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Diebold Nixdorf by 3.2% in the 1st 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. Finally, Irenic Capital Management LP increased its holdings in shares of Diebold Nixdorf by 13.8% in the 1st quarter. Irenic Capital Management LP now owns 720,658 shares of the technology company’s stock valued at $31,507,000 after purchasing an additional 87,331 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 0.2%

The firm has a market cap of $2.14 billion, a P/E ratio of -171.49 and a beta of 1.59. The company has a 50 day moving average of $59.33 and a 200 day moving average of $52.67. 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 announced its quarterly 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). The firm had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. Analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has approved a stock buyback 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.