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

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research report released on Tuesday.

Separately, Wedbush raised Diebold Nixdorf from a neutral rating to an outperform rating and upped their target price for the company from $40.00 to $50.00 in a research report on Friday, May 3rd.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $38.36 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $45.15. The business has a fifty day moving average price of $39.71 and a 200 day moving average price of $34.49.

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

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 4,200 shares of Diebold Nixdorf stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $39.46 per share, with a total value of $165,732.00. Following the transaction, the executive vice president now directly owns 23,112 shares of the company’s stock, valued at approximately $911,999.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Frank Tobias Baur acquired 4,200 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $39.46 per share, with a total value of $165,732.00. Following the completion of the acquisition, 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 legal filing with the SEC, which is available at the SEC website. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were 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 in the company, valued at $256,162,842.50. The disclosure for this sale can be found here. Insiders have sold 450,200 shares of company stock valued at $19,131,810 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Capital World Investors increased its holdings in shares of Diebold Nixdorf by 0.5% in the fourth quarter. Capital World Investors now owns 12,246,615 shares of the technology company’s stock valued at $354,540,000 after purchasing an additional 65,342 shares during the period. Vanguard Group Inc. grew its holdings in Diebold Nixdorf by 2.9% during the first quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after acquiring an additional 38,248 shares during the period. Glendon Capital Management LP grew its holdings in Diebold Nixdorf by 5.5% during the fourth quarter. Glendon Capital Management LP now owns 1,173,637 shares of the technology company’s stock worth $33,977,000 after acquiring an additional 60,984 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock worth $23,520,000 after acquiring an additional 94,421 shares during the period. Finally, Irenic Capital Management LP grew its holdings in Diebold Nixdorf by 22.2% during the fourth quarter. Irenic Capital Management LP now owns 493,253 shares of the technology company’s stock worth $14,280,000 after acquiring an additional 89,496 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

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.