Diebold Nixdorf (NYSE:DBD) Stock Rating Lowered by StockNews.com

Diebold Nixdorf (NYSE:DBD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Diebold Nixdorf Price Performance

NYSE DBD opened at $42.30 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -96.14 and a beta of 1.90. The company’s 50 day moving average is $43.69 and its two-hundred day moving average is $44.15.

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

Diebold Nixdorf announced that its board has authorized a stock repurchase plan 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 plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated 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 approximately $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DBD. William Blair Investment Management LLC raised its position in Diebold Nixdorf by 38.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock worth $54,780,000 after buying an additional 350,808 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $7,901,000. Skylands Capital LLC raised its holdings in shares of Diebold Nixdorf by 57.5% during the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Diebold Nixdorf by 32.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock valued at $27,105,000 after purchasing an additional 153,511 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its holdings in Diebold Nixdorf by 2,379.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company’s stock valued at $5,159,000 after purchasing an additional 115,033 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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.