Diebold Nixdorf (NYSE:DBD) Upgraded at CJS Securities

CJS Securities upgraded shares of Diebold Nixdorf (NYSE:DBD - Free Report) to a strong-buy rating in a research report released on Tuesday, April 1st,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. DA Davidson increased their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Up 2.1 %

Shares of DBD stock traded up $0.77 on Tuesday, hitting $38.15. The stock had a trading volume of 44,787 shares, compared to its average volume of 126,039. Diebold Nixdorf has a 52-week low of $30.37 and a 52-week high of $51.81. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -86.48 and a beta of 1.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The stock's 50 day moving average is $43.52 and its 200-day moving average is $44.18.

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

Diebold Nixdorf declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Diebold Nixdorf by 3,369.3% during the first quarter. GAMMA Investing LLC now owns 11,761 shares of the technology company's stock valued at $514,000 after purchasing an additional 11,422 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Diebold Nixdorf by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,335 shares of the technology company's stock worth $875,000 after purchasing an additional 3,639 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in Diebold Nixdorf during the 4th quarter worth about $82,000. ProShare Advisors LLC lifted its position in shares of Diebold Nixdorf by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock valued at $306,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Man Group plc boosted its position in shares of Diebold Nixdorf by 49.2% in the fourth quarter. Man Group plc now owns 7,895 shares of the technology company's stock worth $340,000 after buying an additional 2,603 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

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.