Diebold Nixdorf (NYSE:DBD) Shares Up 8.6%

Diebold Nixdorf, Incorporated (NYSE:DBD) shares rose 8.6% during mid-day trading on Thursday . The stock traded as high as $33.85 and last traded at $33.85. Approximately 17,969 shares changed hands during trading, a decline of 86% from the average daily volume of 131,546 shares. The stock had previously closed at $31.16.

Analyst Ratings Changes

A number of research analysts have recently commented on DBD shares. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wedbush reiterated a “neutral” rating and set a $40.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, April 25th.

Diebold Nixdorf Stock Up 11.1 %

The company has a 50-day moving average of $33.54 and a 200 day moving average of $28.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.10.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 14th. The technology company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $1.63. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Analysts anticipate that Diebold Nixdorf, Incorporated will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Millstreet Capital Management sold 457,715 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the transaction, the insider now directly owns 6,477,361 shares in the company, valued at approximately $219,906,405.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total value of $15,539,424.25. Following the sale, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Marjorie L. Bowen acquired 2,290 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $33.98 per share, with a total value of $77,814.20. Following the acquisition, the director now 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 over the last three months. 0.04% of the stock is owned by company insiders.

Institutional Trading of Diebold Nixdorf

A number of large investors have recently made changes to their positions in DBD. Skylands Capital LLC bought a new stake in shares of Diebold Nixdorf during the third quarter valued at approximately $2,210,000. Allspring Global Investments Holdings LLC raised its position in Diebold Nixdorf by 411.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company’s stock valued at $10,918,000 after purchasing an additional 463,744 shares in the last quarter. Beach Point Capital Management LP purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter worth $61,481,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth $833,000. Finally, Impax Asset Management Group plc bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth $771,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

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.