Diebold Nixdorf (NYSE:DBD) Rating Lowered to Hold at StockNews.com

Diebold Nixdorf (NYSE:DBD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other analysts also recently commented on the company. DA Davidson upped their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. 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.

Diebold Nixdorf Trading Down 3.5 %

Diebold Nixdorf stock opened at $43.45 on Thursday. Diebold Nixdorf has a 52 week low of $30.37 and a 52 week high of $51.81. The stock has a 50-day moving average price of $43.92 and a 200 day moving average price of $44.20. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -98.76 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its position in shares of 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 purchasing an additional 723 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $82,000. Vestcor Inc purchased a new position in shares of Diebold Nixdorf during the 4th quarter worth $119,000. BNP Paribas Financial Markets acquired a new position in shares of Diebold Nixdorf during the 4th quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Diebold Nixdorf in the fourth quarter valued at about $146,000. Hedge funds and other 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.