Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by StockNews.com

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

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

Diebold Nixdorf Stock Down 0.7 %

Shares of NYSE DBD opened at $43.22 on Wednesday. The firm’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $44.16. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -98.23 and a beta of 1.90. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 12-month low of $30.37 and a 12-month high of $51.81.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of large investors have recently bought and sold shares of DBD. Sterling Capital Management LLC boosted its position in Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after acquiring an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in Diebold Nixdorf during the 4th quarter worth approximately $82,000. Vestcor Inc acquired a new position in Diebold Nixdorf during the 4th quarter worth approximately $119,000. BNP Paribas Financial Markets acquired a new position in Diebold Nixdorf during the 4th quarter worth approximately $132,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Diebold Nixdorf during the 4th quarter worth approximately $146,000. 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.