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

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

Separately, Wedbush upgraded Diebold Nixdorf from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Friday, May 3rd.

Diebold Nixdorf Trading Up 2.7 %

Shares of DBD traded up $1.04 during trading hours on Wednesday, reaching $40.21. 93,999 shares of the company’s stock traded hands, compared to its average volume of 195,031. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 0.94. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $45.15. The business’s fifty day simple moving average is $40.16 and its two-hundred day simple moving average is $34.79.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $1.16. The firm had revenue of $895.40 million for the quarter, compared to analyst estimates of $872.40 million. On average, research analysts anticipate that Diebold Nixdorf will post 5.79 earnings per share for the current year.

Insider Activity at Diebold Nixdorf

In related news, EVP Frank Tobias Baur purchased 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $39.46 per share, with a total value of $165,732.00. Following the purchase, the executive vice president now directly owns 23,112 shares in the company, valued at $911,999.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Frank Tobias Baur bought 4,200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the transaction, the executive vice president now directly owns 23,112 shares in the company, valued at approximately $911,999.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the sale, the insider now owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in shares of Diebold Nixdorf during the 4th quarter worth approximately $46,000. Public Employees Retirement System of Ohio bought a new stake in Diebold Nixdorf during the 3rd quarter worth $79,000. SG Americas Securities LLC bought a new stake in Diebold Nixdorf during the 1st quarter worth $105,000. Citigroup Inc. bought a new stake in Diebold Nixdorf during the 3rd quarter worth $135,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Diebold Nixdorf in the 1st quarter valued at about $276,000. 97.04% of the stock is currently owned by institutional investors.

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.