Diebold Nixdorf’s (DBD) Outperform Rating Reaffirmed at Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $50.00 price objective on the technology company’s stock. Wedbush’s price target points to a potential upside of 15.53% from the stock’s previous close.

Separately, StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Diebold Nixdorf Trading Down 0.5 %

Shares of Diebold Nixdorf stock traded down $0.22 during trading on Thursday, hitting $43.28. 23,492 shares of the stock were exchanged, compared to its average volume of 195,345. The stock’s fifty day moving average is $41.44 and its 200 day moving average is $36.16. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. Diebold Nixdorf has a 12 month low of $16.50 and a 12 month high of $45.15.

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

Insider Activity at Diebold Nixdorf

In related news, EVP Frank Tobias Baur bought 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $39.46 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s 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 sale, the insider now directly owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank Tobias Baur purchased 4,200 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was 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 directly owns 23,112 shares in the company, valued at approximately $911,999.52. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Diebold Nixdorf

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Diebold Nixdorf by 149.8% during the second quarter. SG Americas Securities LLC now owns 7,593 shares of the technology company’s stock valued at $292,000 after buying an additional 4,553 shares in the last quarter. California State Teachers Retirement System purchased a new stake in Diebold Nixdorf during the first quarter valued at about $364,000. Capital International Ltd. CA purchased a new stake in Diebold Nixdorf during the first quarter valued at about $1,142,000. Vanguard Group Inc. lifted its stake 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 valued at $47,462,000 after buying an additional 38,248 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Diebold Nixdorf by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 36,906 shares of the technology company’s stock valued at $1,271,000 after buying an additional 5,327 shares in the last quarter. 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.