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

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a buy rating in a research note released on Wednesday morning.

Separately, Wedbush upgraded shares of Diebold Nixdorf from a neutral rating to an outperform rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Friday, May 3rd.

Diebold Nixdorf Trading Up 2.7 %

Shares of NYSE:DBD opened at $40.21 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The company has a fifty day simple moving average of $40.16 and a 200 day simple moving average of $34.79. Diebold Nixdorf has a 12-month low of $16.50 and a 12-month high of $45.15.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.03 by $1.16. The business had revenue of $895.40 million for the quarter, compared to the consensus estimate of $872.40 million. Analysts expect that Diebold Nixdorf will post 5.79 EPS for the current year.

Insider Buying and Selling at Diebold Nixdorf

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

Institutional Investors Weigh In On Diebold Nixdorf

Several institutional investors have recently bought and sold shares of DBD. Citigroup Inc. acquired a new stake in Diebold Nixdorf in the third quarter worth about $135,000. Public Employees Retirement System of Ohio acquired a new stake in Diebold Nixdorf in the third quarter worth about $79,000. Allspring Global Investments Holdings LLC lifted its holdings in Diebold Nixdorf by 2.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock worth $17,038,000 after purchasing an additional 12,088 shares during the period. Russell Investments Group Ltd. lifted its holdings in Diebold Nixdorf by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock worth $914,000 after purchasing an additional 1,178 shares during the period. Finally, Skylands Capital LLC lifted its holdings in Diebold Nixdorf by 17.3% in the fourth quarter. Skylands Capital LLC now owns 136,900 shares of the technology company’s stock worth $3,963,000 after purchasing an additional 20,200 shares during the period. Institutional investors and hedge funds 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.