Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD - Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

DBD has been the subject of several other research reports. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson lifted their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th.

Diebold Nixdorf Stock Down 1.4 %

Shares of DBD stock traded down $0.61 on Wednesday, hitting $42.65. The company's stock had a trading volume of 269,679 shares, compared to its average volume of 170,138. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. Diebold Nixdorf has a fifty-two week low of $30.37 and a fifty-two week high of $51.81. The firm's fifty day moving average price is $43.80 and its 200-day moving average price is $44.14. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -96.92 and a beta of 1.90.

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Diebold Nixdorf (NYSE:DBD - Get Free Report) last released 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%. Research analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

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

Insider Transactions at Diebold Nixdorf

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 transaction, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its holdings in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after purchasing an additional 723 shares during the period. Virtus Investment Advisers Inc. bought a new stake in Diebold Nixdorf in the fourth quarter valued at about $82,000. Vestcor Inc bought a new stake in Diebold Nixdorf in the fourth quarter valued at about $119,000. BNP Paribas Financial Markets bought a new stake in Diebold Nixdorf in the fourth quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Diebold Nixdorf in the fourth quarter valued at about $146,000. 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.