Diebold Nixdorf (NYSE:DBD) Stock Rating Reaffirmed by Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “neutral” rating restated by Wedbush in a research report issued on Thursday, Benzinga reports. They currently have a $40.00 price objective on the technology company’s stock. Wedbush’s price target indicates a potential upside of 24.96% from the stock’s previous close.

Separately, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, April 18th.

Diebold Nixdorf Stock Performance

DBD stock traded down $0.92 during midday trading on Thursday, hitting $32.01. The company had a trading volume of 8,651 shares, compared to its average volume of 133,175. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.52. The stock’s 50 day moving average price is $33.73 and its 200 day moving average price is $28.52. Diebold Nixdorf has a 52 week low of $16.50 and a 52 week high of $35.94.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $1.63. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, sell-side analysts expect that Diebold Nixdorf will post 3.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Octavio Marquez purchased 1,000 shares of Diebold Nixdorf stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $34.27 per share, with a total value of $34,270.00. Following the completion of the transaction, the chief executive officer now owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the transaction, the chief executive officer now owns 133,661 shares in the company, valued at approximately $4,580,562.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marjorie L. Bowen bought 2,290 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $33.98 per share, with a total value of $77,814.20. Following the purchase, the director now directly owns 42,290 shares in the company, valued at $1,437,014.20. The disclosure for this purchase can be found here. Insiders sold 458,315 shares of company stock valued at $15,559,766 in the last ninety days. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Diebold Nixdorf during the fourth quarter worth about $46,000. Public Employees Retirement System of Ohio acquired a new position in shares of Diebold Nixdorf in the third quarter valued at approximately $79,000. Citigroup Inc. acquired a new position in shares of Diebold Nixdorf in the third quarter valued at approximately $135,000. Cannon Global Investment Management LLC bought a new stake in shares of Diebold Nixdorf in the first quarter valued at approximately $276,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Diebold Nixdorf in the third quarter valued at approximately $519,000. 97.04% of the stock is currently 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.