Diebold Nixdorf (NYSE:DBD) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research note issued to investors on Friday.

DBD has been the subject of several other research reports. CJS Securities upgraded Diebold Nixdorf to a “strong-buy” rating in a report on Tuesday, April 1st. DA Davidson raised their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday.

Diebold Nixdorf Stock Down 0.2 %

NYSE DBD opened at $46.26 on Friday. The stock’s 50-day moving average price is $42.80 and its 200-day moving average price is $43.89. The company has a market capitalization of $1.74 billion, a P/E ratio of -105.14 and a beta of 1.73. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 52 week low of $34.38 and a 52 week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.48). The business had revenue of $841.10 million for the quarter, compared to analysts’ expectations of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. On average, equities research analysts predict that Diebold Nixdorf will post 4.59 earnings per share for the current year.

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

Insider Activity

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank Tobias Baur acquired 700 shares of the business’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the transaction, the executive vice president now directly owns 38,572 shares of the company’s stock, valued at approximately $1,778,940.64. The trade was a 1.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Several institutional investors have recently added to or reduced their stakes in DBD. Vanguard Group Inc. raised its holdings in shares of Diebold Nixdorf by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,890,777 shares of the technology company’s stock worth $82,665,000 after buying an additional 33,149 shares during the period. Glendon Capital Management LP increased its stake in Diebold Nixdorf by 4.8% in the fourth quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company’s stock worth $56,729,000 after purchasing an additional 60,000 shares during the period. William Blair Investment Management LLC lifted its position in shares of Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock worth $54,780,000 after purchasing an additional 350,808 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Diebold Nixdorf by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company’s stock valued at $33,577,000 after purchasing an additional 23,484 shares during the period. Finally, Irenic Capital Management LP grew its holdings in shares of Diebold Nixdorf by 10.6% in the fourth quarter. Irenic Capital Management LP now owns 633,327 shares of the technology company’s stock worth $27,258,000 after purchasing an additional 60,548 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

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.