Diebold Nixdorf (NYSE:DBD) Price Target Raised to $65.00 at DA Davidson

Diebold Nixdorf (NYSE:DBD) had its price target hoisted by DA Davidson from $55.00 to $65.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

DBD has been the topic of several other reports. StockNews.com downgraded Diebold Nixdorf from a buy rating to a hold rating in a report on Thursday, July 11th. Wedbush reaffirmed an outperform rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a research report on Thursday.

Diebold Nixdorf Trading Up 5.3 %

DBD stock traded up $1.91 during mid-day trading on Friday, reaching $37.84. 206,640 shares of the stock traded hands, compared to its average volume of 197,012. The business has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $37.08. The stock has a market capitalization of $1.42 billion and a PE ratio of 6.75. 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 one year low of $16.50 and a one year high of $45.15.

Insiders Place Their Bets

In other Diebold Nixdorf news, 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 transaction of $19,125,000.00. Following the transaction, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Millstreet Capital Management sold 450,000 shares of the business’s stock in a transaction that occurred on 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 owns 6,027,361 shares of the company’s stock, valued at $256,162,842.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $37.34 per share, with a total value of $41,074.00. Following the acquisition, the chief executive officer now owns 135,774 shares of the company’s stock, valued at $5,069,801.16. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in Diebold Nixdorf in the second quarter worth $35,000. Tower Research Capital LLC TRC purchased a new position in Diebold Nixdorf during the 4th quarter worth $46,000. SG Americas Securities LLC acquired a new position in Diebold Nixdorf during the 1st quarter valued at about $105,000. Summit Securities Group LLC purchased a new stake in Diebold Nixdorf in the second quarter valued at about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,576 shares in the last quarter. 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.