Wedbush Reaffirms “Neutral” Rating for Diebold Nixdorf (NYSE:DBD)

Wedbush reissued their neutral rating on shares of Diebold Nixdorf (NYSE:DBD) in a research report report published on Thursday morning, Marketbeat Ratings reports. Wedbush currently has a $40.00 price objective on the technology company’s stock.

Separately, StockNews.com lowered shares of Diebold Nixdorf from a buy rating to a hold rating in a report on Thursday, April 18th.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $32.03 on Thursday. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $35.94. The business has a fifty day moving average price of $33.67 and a 200 day moving average price of $28.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.52.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 14th. The technology company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $1.63. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Research analysts anticipate that Diebold Nixdorf will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Marjorie L. Bowen acquired 2,290 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $33.98 per share, for a total transaction of $77,814.20. Following the completion of the acquisition, the director now directly owns 42,290 shares in the company, valued at approximately $1,437,014.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Marjorie L. Bowen bought 2,290 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average price of $33.98 per share, with a total value of $77,814.20. Following the transaction, the director now owns 42,290 shares in the company, valued at $1,437,014.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Octavio Marquez purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $34.27 per share, with a total value of $34,270.00. Following the acquisition, the chief executive officer now owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 458,315 shares of company stock valued at $15,559,766. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Diebold Nixdorf by 3.9% in 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 during the period. Tower Research Capital LLC TRC purchased a new position in Diebold Nixdorf during the 4th quarter worth approximately $46,000. Public Employees Retirement System of Ohio acquired a new stake in Diebold Nixdorf during the 3rd quarter valued at approximately $79,000. Citigroup Inc. purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at $135,000. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $276,000. 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.