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

StockNews.com downgraded shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a report released on Thursday morning.

A number of other research analysts have also issued reports on the company. DA Davidson lifted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $45.07 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -102.43 and a beta of 1.90. The business has a 50-day moving average of $43.94 and a 200 day moving average of $44.18. Diebold Nixdorf has a 12 month low of $30.37 and a 12 month high of $51.81.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 EPS 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, sell-side analysts forecast that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has approved a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Several institutional investors have recently added to or reduced their stakes in DBD. Victory Capital Management Inc. purchased a new position in Diebold Nixdorf in the third quarter valued at approximately $319,000. Charles Schwab Investment Management Inc. grew its position in shares of Diebold Nixdorf by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock valued at $12,464,000 after buying an additional 4,155 shares during the last quarter. FMR LLC raised its stake in Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after acquiring an additional 26,672 shares in the last quarter. MetLife Investment Management LLC lifted its position in Diebold Nixdorf by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock valued at $660,000 after acquiring an additional 8,324 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Diebold Nixdorf in the third quarter valued at $367,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

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.