Diebold Nixdorf's (DBD) "Outperform" Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD - Free Report) in a report released on Monday, RTT News reports. Wedbush currently has a $50.00 price target on the technology company's stock.

Other equities research analysts have also issued reports about the stock. DA Davidson boosted their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, August 9th. StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, October 11th.

Diebold Nixdorf Price Performance

DBD traded up $0.39 during trading on Monday, hitting $46.93. The stock had a trading volume of 103,459 shares, compared to its average volume of 181,473. The stock has a 50 day simple moving average of $44.05 and a two-hundred day simple moving average of $41.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. Diebold Nixdorf has a twelve month low of $18.81 and a twelve month high of $47.73.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. The firm had revenue of $939.70 million for the quarter, compared to the consensus estimate of $899.30 million. As a group, research analysts forecast that Diebold Nixdorf will post 5.3 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In related news, CFO Thomas S. Timko acquired 1,400 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $38.71 per share, with a total value of $54,194.00. Following the acquisition, the chief financial officer now directly owns 48,219 shares in the company, valued at $1,866,557.49. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the transaction, the executive vice president now directly owns 24,262 shares of the company's stock, valued at approximately $984,551.96. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas S. Timko purchased 1,400 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $38.71 per share, with a total value of $54,194.00. Following the purchase, the chief financial officer now owns 48,219 shares in the company, valued at $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,650 shares of company stock worth $141,935 over the last 90 days. 0.04% of the stock is currently owned by company insiders.

Institutional Trading of Diebold Nixdorf

Several institutional investors have recently bought and sold shares of DBD. William Blair Investment Management LLC purchased a new position in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $12,849,000. Dimensional Fund Advisors LP grew its position in shares of Diebold Nixdorf by 89.9% in the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company's stock valued at $16,103,000 after purchasing an additional 198,177 shares during the period. Renaissance Technologies LLC increased its stake in shares of Diebold Nixdorf by 233.4% during the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company's stock worth $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Diebold Nixdorf during the 2nd quarter worth about $3,243,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Diebold Nixdorf by 7.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company's stock valued at $28,258,000 after buying an additional 51,423 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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.