Diebold Nixdorf (NYSE:DBD) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research note published on Thursday, Benzinga reports. The brokerage currently has a $50.00 price target on the technology company’s stock.

Several other equities research analysts also recently commented on DBD. DA Davidson lifted their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a buy rating in a report on Friday, August 9th. StockNews.com lowered shares of Diebold Nixdorf from a buy rating to a hold rating in a research note on Thursday, July 11th.

Diebold Nixdorf Stock Up 2.6 %

Shares of Diebold Nixdorf stock opened at $42.97 on Thursday. The company has a 50-day simple moving average of $41.09 and a two-hundred day simple moving average of $38.62. Diebold Nixdorf has a 52-week low of $17.16 and a 52-week high of $45.15. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The company had revenue of $939.70 million during the quarter, compared to analyst estimates of $899.30 million. Equities research analysts forecast that Diebold Nixdorf will post 5.3 EPS for the current year.

Insider Buying and Selling

In other news, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $37.34 per share, with a total value of $41,074.00. Following the completion of the acquisition, the chief executive officer now owns 135,774 shares in the company, valued at $5,069,801.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Thomas S. Timko acquired 1,400 shares of Diebold Nixdorf stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the transaction, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. The disclosure for this purchase can be found here. Insiders bought 3,650 shares of company stock valued at $141,935 over the last 90 days. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $34,000. nVerses Capital LLC purchased a new position in Diebold Nixdorf during the second quarter valued at approximately $35,000. SG Americas Securities LLC purchased a new position in Diebold Nixdorf during the first quarter valued at approximately $105,000. Summit Securities Group LLC bought a new position in shares of Diebold Nixdorf in the second quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares in the last quarter. 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.