Diebold Nixdorf (NYSE:DBD) Cut to “Hold” at StockNews.com

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

Other analysts have also issued reports about the stock. DA Davidson boosted their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Stock Performance

NYSE:DBD opened at $43.45 on Thursday. The stock has a market capitalization of $1.64 billion, a P/E ratio of -98.76 and a beta of 1.90. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf has a fifty-two week low of $30.37 and a fifty-two week high of $51.81. The company has a 50 day moving average price of $43.92 and a 200 day moving average price of $44.20.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Equities research analysts forecast that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Large investors have recently bought and sold shares of the business. Glendon Capital Management LP lifted its holdings in Diebold Nixdorf by 4.8% during the 4th quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company’s stock worth $56,729,000 after buying an additional 60,000 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock worth $54,780,000 after purchasing an additional 350,808 shares during the last quarter. Geode Capital Management LLC increased its stake in Diebold Nixdorf by 1.7% in the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares during the last quarter. Irenic Capital Management LP raised its holdings in Diebold Nixdorf by 10.6% during the fourth quarter. Irenic Capital Management LP now owns 633,327 shares of the technology company’s stock worth $27,258,000 after purchasing an additional 60,548 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Diebold Nixdorf by 32.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock worth $27,105,000 after buying an additional 153,511 shares during the last quarter. Hedge funds and other institutional investors 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.