Diebold Nixdorf (NYSE:DBD) Downgraded to "Hold" Rating by StockNews.com

StockNews.com lowered shares of Diebold Nixdorf (NYSE:DBD - Free Report) from a buy rating to a hold rating in a research note published on Thursday morning.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson raised their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wedbush restated 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

NYSE:DBD traded down $1.56 during mid-day trading on Thursday, hitting $43.45. The company's stock had a trading volume of 80,967 shares, compared to its average volume of 176,999. Diebold Nixdorf has a 1 year low of $30.37 and a 1 year high of $51.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -98.76 and a beta of 1.90. The business's fifty day moving average is $43.92 and its two-hundred day moving average is $44.24.

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Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) 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%. Analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares of the company's stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Diebold Nixdorf

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC lifted its position in shares of Diebold Nixdorf by 38.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock valued at $54,780,000 after acquiring an additional 350,808 shares in the last quarter. Skylands Capital LLC raised its stake in Diebold Nixdorf by 57.5% in the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock valued at $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Diebold Nixdorf by 32.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock valued at $27,105,000 after purchasing an additional 153,511 shares in the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of Diebold Nixdorf by 2,379.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company's stock worth $5,159,000 after buying an additional 115,033 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Diebold Nixdorf by 460.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company's stock worth $5,199,000 after buying an additional 99,220 shares in the last quarter. 97.04% of the stock is currently 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.