Diebold Nixdorf (NYSE:DBD) Hits New 52-Week Low After Analyst Downgrade

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price reached a new 52-week low during mid-day trading on Friday after Weiss Ratings downgraded the stock from a buy (b-) rating to a hold (c) rating. The stock traded as low as $53.81 and last traded at $52.88, with a volume of 139,528 shares. The stock had previously closed at $59.14.

DBD has been the topic of several other reports. Wedbush dropped their target price on shares of Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday. Wall Street Zen lowered shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, DA Davidson restated a “buy” rating and set a $100.00 target price on shares of Diebold Nixdorf in a report on Tuesday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Diebold Nixdorf has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Institutional Trading of Diebold Nixdorf

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Diebold Nixdorf during the second quarter worth about $14,740,000. Dimensional Fund Advisors LP increased its holdings in Diebold Nixdorf by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,962 shares of the technology company’s stock valued at $86,672,000 after buying an additional 165,324 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Diebold Nixdorf in the 2nd quarter valued at about $10,857,000. Janus Henderson Group PLC increased its stake in Diebold Nixdorf by 1,815.0% in the first quarter. Janus Henderson Group PLC now owns 126,387 shares of the technology company’s stock valued at $9,535,000 after purchasing an additional 119,787 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Diebold Nixdorf by 20.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 519,201 shares of the technology company’s stock valued at $39,169,000 after purchasing an additional 88,534 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

The company has a market cap of $1.83 billion, a PE ratio of 25.13 and a beta of 1.19. The stock has a 50 day simple moving average of $65.43 and a two-hundred day simple moving average of $74.98. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.83.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $990.90 million for the quarter, compared to analysts’ expectations of $971.70 million. Diebold Nixdorf had a return on equity of 21.53% and a net margin of 1.96%. Equities analysts predict that Diebold Nixdorf, Incorporated will post 4.68 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 28th that allows the company to repurchase $250 million in outstanding shares. This buyback authorization allows the technology company to buy up to 12.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.