Diebold Nixdorf (NYSE:DBD) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a report published on Tuesday morning, MarketBeat reports. Wedbush currently has a $70.00 target price on the technology company’s stock.

Several other research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diebold Nixdorf in a research note on Wednesday, October 8th. DA Davidson restated a “buy” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One investment 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. According to MarketBeat.com, Diebold Nixdorf currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock opened at $58.31 on Tuesday. Diebold Nixdorf has a one year low of $34.88 and a one year high of $63.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. The business has a fifty day moving average of $58.80 and a two-hundred day moving average of $54.45. The company has a market cap of $2.14 billion, a P/E ratio of -171.49 and a beta of 1.59.

Diebold Nixdorf (NYSE:DBD) last released its 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). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The business had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. As a group, analysts predict that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has initiated a stock buyback plan on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider directly owned 5,968,398 shares of the company’s stock, valued at approximately $358,581,351.84. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management grew its stake in Diebold Nixdorf by 42.5% during the 3rd quarter. Ritholtz Wealth Management now owns 21,954 shares of the technology company’s stock worth $1,252,000 after buying an additional 6,545 shares during the last quarter. New York State Teachers Retirement System bought a new position in Diebold Nixdorf during the third quarter valued at about $132,000. State of Alaska Department of Revenue boosted its stake in Diebold Nixdorf by 8.9% during the third quarter. State of Alaska Department of Revenue now owns 21,772 shares of the technology company’s stock valued at $1,241,000 after buying an additional 1,772 shares in the last quarter. SG Americas Securities LLC boosted its stake in Diebold Nixdorf by 272.2% during the third quarter. SG Americas Securities LLC now owns 19,419 shares of the technology company’s stock valued at $1,107,000 after buying an additional 14,201 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Diebold Nixdorf by 881.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,945 shares of the technology company’s stock valued at $274,000 after buying an additional 4,441 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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.