StockNews.com Downgrades Diebold Nixdorf (NYSE:DBD) to Hold

Diebold Nixdorf (NYSE:DBD) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other brokerages have also commented on DBD. DA Davidson upped their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush restated an “outperform” rating and issued a $50.00 target price on shares of Diebold Nixdorf in a research note on Thursday, September 12th.

Diebold Nixdorf Stock Up 2.4 %

DBD opened at $45.92 on Friday. The business has a 50 day moving average price of $41.73 and a 200 day moving average price of $39.94. Diebold Nixdorf has a twelve month low of $17.38 and a twelve month high of $47.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. The company had revenue of $939.70 million during the quarter, compared to analyst estimates of $899.30 million. Research analysts forecast that Diebold Nixdorf will post 5.3 EPS for the current year.

Insider Buying and Selling at Diebold Nixdorf

In related news, EVP Frank Tobias Baur purchased 1,150 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the transaction, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the acquisition, the executive vice president now owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas S. Timko bought 1,400 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $38.71 per share, for a total transaction of $54,194.00. Following the acquisition, the chief financial officer now directly owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 3,650 shares of company stock worth $141,935 over the last three months. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in Diebold Nixdorf in the second quarter valued at about $34,000. nVerses Capital LLC acquired a new position in Diebold Nixdorf in the second quarter valued at about $35,000. SG Americas Securities LLC acquired a new position in Diebold Nixdorf in the first quarter valued at about $105,000. Summit Securities Group LLC acquired a new stake in shares of Diebold Nixdorf during the second quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Diebold Nixdorf by 215.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.