Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by CJS Securities

CJS Securities upgraded shares of Diebold Nixdorf (NYSE:DBD) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other analysts also recently weighed in on DBD. DA Davidson upped their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Up 1.6 %

Shares of NYSE DBD opened at $44.79 on Tuesday. Diebold Nixdorf has a 52 week low of $30.37 and a 52 week high of $51.81. The stock’s fifty day moving average is $43.87 and its 200 day moving average is $44.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market capitalization of $1.69 billion, a P/E ratio of -101.80 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last issued its 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 negative net margin of 0.44% and a positive return on equity of 14.28%. Sell-side analysts forecast that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has approved a stock buyback 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 purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently added to or reduced their stakes in DBD. Charles Schwab Investment Management Inc. increased its stake in Diebold Nixdorf by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock valued at $12,464,000 after purchasing an additional 4,155 shares in the last quarter. FMR LLC grew its position in shares of Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock valued at $1,191,000 after acquiring an additional 26,672 shares during the period. MetLife Investment Management LLC increased its holdings in Diebold Nixdorf by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after acquiring an additional 8,324 shares during the last quarter. Verition Fund Management LLC bought a new stake in Diebold Nixdorf during the 3rd quarter valued at $367,000. Finally, State Street Corp lifted its position in shares of Diebold Nixdorf by 21.6% during the third quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after acquiring an additional 89,840 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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.