Diebold Nixdorf (NYSE:DBD) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.87 and traded as high as $43.37. Diebold Nixdorf shares last traded at $42.50, with a volume of 91,996 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective (up previously from $50.00) on shares of Diebold Nixdorf in a research report on Wednesday, December 11th.

Diebold Nixdorf Stock Down 1.3 %

The firm has a market capitalization of $1.60 billion, a PE ratio of 326.95 and a beta of 1.85. The stock has a 50-day simple moving average of $45.00 and a 200-day simple moving average of $42.87. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBD. Allspring Global Investments Holdings LLC boosted its position in Diebold Nixdorf by 4.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock worth $34,188,000 after purchasing an additional 31,152 shares during the period. Geode Capital Management LLC lifted its stake in shares of Diebold Nixdorf by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after buying an additional 11,917 shares in the last quarter. State Street Corp boosted its holdings in Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after buying an additional 89,840 shares during the period. Dimensional Fund Advisors LP grew its stake in Diebold Nixdorf by 89.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after buying an additional 198,177 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Diebold Nixdorf during the 2nd quarter valued at $12,849,000. 97.04% of the stock is currently owned by institutional investors.

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.