Diebold Nixdorf (NYSE:DBD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Diebold Nixdorf provides the technology, software and services that connect people around the world with their money – bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets. Diebold is known for designing, manufacturing, and servicing numerous product lines related to security and automated service. By 1998, the company offered automated teller machines, electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions, among other products and services. “
Several other research analysts also recently commented on the stock. ValuEngine upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Lake Street Capital upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, February 13th. JPMorgan Chase set a $21.00 price objective on shares of Diebold Nixdorf and gave the company a “buy” rating in a research report on Monday, February 12th. DA Davidson initiated coverage on shares of Diebold Nixdorf in a research report on Wednesday, February 7th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Credit Suisse Group restated an “outperform” rating and set a $19.00 price objective (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Diebold Nixdorf currently has a consensus rating of “Hold” and an average target price of $20.80.
Shares of DBD stock traded up $0.10 during trading on Monday, hitting $14.90. The company had a trading volume of 798,188 shares, compared to its average volume of 1,388,104. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 3.53. The stock has a market cap of $1,123.92, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 4.24 and a beta of 2.05. Diebold Nixdorf has a one year low of $12.90 and a one year high of $29.80.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Diebold Nixdorf had a positive return on equity of 14.90% and a negative net margin of 5.06%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. analysts forecast that Diebold Nixdorf will post 1.16 EPS for the current year.
In related news, CFO Christopher A. Chapman purchased 3,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $16.05 per share, for a total transaction of $48,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Diebold Nixdorf by 185.8% during the fourth quarter. Assetmark Inc. now owns 6,801 shares of the technology company’s stock worth $111,000 after buying an additional 4,421 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $113,000. CENTRAL TRUST Co acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $128,000. Advantage Investment Management LLC acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $163,000. Finally, J. Goldman & Co LP acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $196,000.
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Diebold Nixdorf Company Profile
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
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