Diebold Nixdorf (NYSE:DBD) Upgraded to “Buy” at StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Other analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson boosted their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock opened at $42.95 on Monday. The stock’s 50 day simple moving average is $43.69 and its two-hundred day simple moving average is $44.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -97.61 and a beta of 1.93. Diebold Nixdorf has a fifty-two week low of $30.37 and a fifty-two week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after purchasing an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in Diebold Nixdorf in the fourth quarter worth about $82,000. Vestcor Inc purchased a new position in Diebold Nixdorf in the fourth quarter worth about $119,000. BNP Paribas Financial Markets purchased a new position in Diebold Nixdorf in the fourth quarter worth about $132,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the fourth quarter worth about $146,000. 97.04% of the stock is currently owned by hedge funds and other 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.