Wedbush Reaffirms Outperform Rating for Diebold Nixdorf (NYSE:DBD)

Wedbush restated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a report issued on Thursday morning, MarketBeat.com reports. Wedbush currently has a $50.00 target price on the technology company’s stock.

Separately, StockNews.com downgraded Diebold Nixdorf from a buy rating to a hold rating in a research note on Thursday, July 11th.

Diebold Nixdorf Stock Up 1.0 %

DBD stock opened at $43.68 on Thursday. Diebold Nixdorf has a 1 year low of $16.50 and a 1 year high of $45.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The stock’s fifty day moving average price is $41.43 and its 200-day moving average price is $36.43.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $1.16. The firm had revenue of $895.40 million during the quarter, compared to analysts’ expectations of $872.40 million. Equities analysts anticipate that Diebold Nixdorf will post 5.79 earnings per share for the current year.

Insider Activity at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 450,000 shares of Diebold Nixdorf stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the transaction, the insider now directly owns 6,027,361 shares in the company, valued at $256,162,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Frank Tobias Baur bought 4,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the transaction, the executive vice president now owns 23,112 shares of the company’s stock, valued at $911,999.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the transaction, the insider now directly owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in shares of Diebold Nixdorf in the fourth quarter worth about $46,000. Public Employees Retirement System of Ohio bought a new position in shares of Diebold Nixdorf in the third quarter worth about $79,000. SG Americas Securities LLC bought a new position in shares of Diebold Nixdorf in the first quarter worth about $105,000. Summit Securities Group LLC bought a new position in shares of Diebold Nixdorf in the second quarter worth about $125,000. Finally, Citigroup Inc. bought a new position in shares of Diebold Nixdorf in the third quarter worth about $135,000. Institutional investors own 97.04% of the company’s stock.

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.