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

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a note issued to investors on Thursday, Benzinga reports. They presently have a $50.00 price objective on the technology company’s stock. Wedbush’s target price suggests a potential upside of 16.50% from the company’s previous close.

A number of other analysts have also weighed in on the stock. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. DA Davidson increased their target price on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th.

Diebold Nixdorf Price Performance

NYSE DBD opened at $42.92 on Thursday. The company has a 50-day simple moving average of $41.09 and a two-hundred day simple moving average of $38.59. 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 has a 12-month low of $17.16 and a 12-month high of $45.15.

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

Insider Transactions at Diebold Nixdorf

In other news, EVP Frank Tobias Baur bought 1,150 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost 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 in the company, valued at approximately $984,551.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Thomas S. Timko acquired 1,400 shares of the stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frank Tobias Baur acquired 1,150 shares of the stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $40.58 per share, with a total value of $46,667.00. Following the completion of the acquisition, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at $984,551.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,650 shares of company stock worth $141,935. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in shares of Diebold Nixdorf by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock valued at $914,000 after purchasing an additional 1,178 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Diebold Nixdorf during the fourth quarter valued at approximately $6,013,000. Capital World Investors increased its stake in shares of Diebold Nixdorf by 0.5% during the fourth quarter. Capital World Investors now owns 12,246,615 shares of the technology company’s stock valued at $354,540,000 after purchasing an additional 65,342 shares in the last quarter. Brigade Capital Management LP bought a new position in shares of Diebold Nixdorf during the fourth quarter valued at approximately $1,377,000. Finally, Cannon Global Investment Management LLC bought a new position in shares of Diebold Nixdorf during the first quarter valued at approximately $276,000. 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.