Wedbush Reaffirms Outperform Rating for Diebold Nixdorf (NYSE:DBD)

Wedbush reiterated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research report released on Thursday morning, Marketbeat Ratings reports. Wedbush currently has a $50.00 price objective on the technology company’s stock.

Separately, StockNews.com lowered Diebold Nixdorf from a buy rating to a hold rating in a research note on Thursday, July 11th.

Diebold Nixdorf Trading Up 1.0 %

NYSE DBD opened at $43.68 on Thursday. The stock has a 50-day simple moving average of $41.43 and a two-hundred day simple moving average of $36.43. Diebold Nixdorf has a fifty-two week low of $16.50 and a fifty-two week high of $45.15. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.08.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $1.16. The company had revenue of $895.40 million for the quarter, compared to analysts’ expectations of $872.40 million. As a group, equities research analysts forecast that Diebold Nixdorf will post 5.79 earnings per share for the current year.

Insider Activity

In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank Tobias Baur bought 4,200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the transaction, the executive vice president now directly owns 23,112 shares in the company, valued at $911,999.52. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

Several institutional investors have recently bought and sold shares of DBD. Citigroup Inc. acquired a new stake in Diebold Nixdorf in the 3rd quarter worth about $135,000. Public Employees Retirement System of Ohio acquired a new stake in Diebold Nixdorf in the 3rd quarter worth about $79,000. Allspring Global Investments Holdings LLC boosted its holdings in Diebold Nixdorf by 2.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock worth $17,038,000 after buying an additional 12,088 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Diebold Nixdorf by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock worth $914,000 after buying an additional 1,178 shares during the last quarter. Finally, Skylands Capital LLC boosted its holdings in Diebold Nixdorf by 17.3% in the 4th quarter. Skylands Capital LLC now owns 136,900 shares of the technology company’s stock worth $3,963,000 after buying an additional 20,200 shares during 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.