DA Davidson Issues Positive Forecast for Diebold Nixdorf (NYSE:DBD) Stock Price

Diebold Nixdorf (NYSE:DBD - Free Report) had its price target boosted by DA Davidson from $65.00 to $80.00 in a research report released on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the technology company's stock.

Separately, Wedbush reissued an "outperform" rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded down $1.11 during mid-day trading on Thursday, reaching $43.12. 193,178 shares of the company were exchanged, compared to its average volume of 113,134. The firm has a market cap of $1.62 billion, a PE ratio of -98.00 and a beta of 1.93. The firm's 50-day simple moving average is $43.71 and its two-hundred day simple moving average is $43.95. Diebold Nixdorf has a twelve month low of $30.37 and a twelve month high of $51.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Equities analysts predict that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

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Diebold Nixdorf declared that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the sale, the director now directly owns 40,000 shares of the company's stock, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Diebold Nixdorf by 21.6% in the third quarter. State Street Corp now owns 505,002 shares of the technology company's stock valued at $22,553,000 after acquiring an additional 89,840 shares during the period. Geode Capital Management LLC boosted its stake in Diebold Nixdorf by 1.7% in the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company's stock valued at $32,087,000 after acquiring an additional 11,917 shares during the period. Skylands Capital LLC boosted its stake in Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock valued at $19,223,000 after acquiring an additional 162,975 shares during the period. Royce & Associates LP acquired a new position in Diebold Nixdorf in the third quarter valued at approximately $7,901,000. Finally, Victory Capital Management Inc. acquired a new position in Diebold Nixdorf in the third quarter valued at approximately $319,000. 97.04% of the stock is owned by 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.