Diebold Nixdorf (NYSE:DBD) Raised to “Strong-Buy” at CJS Securities

Diebold Nixdorf (NYSE:DBDGet Free Report) was upgraded by CJS Securities to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

DBD has been the topic of a number of other research reports. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Read Our Latest Research Report on Diebold Nixdorf

Diebold Nixdorf Stock Up 1.6 %

NYSE DBD opened at $44.79 on Tuesday. Diebold Nixdorf has a 1-year low of $30.37 and a 1-year high of $51.81. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $43.87 and its two-hundred day moving average is $44.27. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -101.80 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBDGet Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Equities analysts forecast that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has initiated a share repurchase plan on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at $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 available at this link. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock worth $619,000 after purchasing an additional 477 shares in the last quarter. Rhumbline Advisers lifted its holdings in Diebold Nixdorf by 1.6% during the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after acquiring an additional 639 shares in the last quarter. Sterling Capital Management LLC grew its stake in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after acquiring an additional 723 shares during the period. SG Americas Securities LLC increased its holdings in shares of Diebold Nixdorf by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after acquiring an additional 752 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company’s stock worth $673,000 after purchasing an additional 856 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Diebold Nixdorf

(Get Free Report)

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.

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