Diebold Nixdorf (NYSE:DBD) Earns “Outperform” Rating from Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a research note issued to investors on Wednesday,RTT News reports. They currently have a $60.00 price target on the technology company’s stock, up from their previous price target of $50.00. Wedbush’s target price would indicate a potential upside of 21.51% from the company’s previous close.

Separately, StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th.

Diebold Nixdorf Stock Performance

NYSE DBD traded up $0.70 during midday trading on Wednesday, hitting $49.38. The company had a trading volume of 159,678 shares, compared to its average volume of 184,940. The firm has a fifty day simple moving average of $45.07 and a two-hundred day simple moving average of $42.59. Diebold Nixdorf has a fifty-two week low of $27.43 and a fifty-two week high of $51.81. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 379.85 and a beta of 1.85.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in shares of Diebold Nixdorf during the 1st quarter valued at about $364,000. SG Americas Securities LLC lifted its position in shares of Diebold Nixdorf by 149.8% in the second quarter. SG Americas Securities LLC now owns 7,593 shares of the technology company’s stock worth $292,000 after purchasing an additional 4,553 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Diebold Nixdorf during the second quarter worth $3,243,000. Allspring Global Investments Holdings LLC grew its position in Diebold Nixdorf by 7.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company’s stock valued at $28,258,000 after purchasing an additional 51,423 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Diebold Nixdorf in the 2nd quarter valued at $125,000. 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.