Diebold Nixdorf’s (DBD) Outperform Rating Reaffirmed at Wedbush

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research report issued on Tuesday,Benzinga reports. They currently have a $80.00 target price on the technology company’s stock. Wedbush’s target price suggests a potential upside of 29.94% from the company’s current price.

Other equities analysts also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diebold Nixdorf currently has an average rating of “Buy” and a consensus price target of $80.00.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock opened at $61.57 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $59.02 and a 200-day simple moving average of $56.43. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -181.08 and a beta of 1.59. Diebold Nixdorf has a 1-year low of $34.88 and a 1-year high of $66.28.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.73. The firm had revenue of $945.20 million during the quarter, compared to analyst estimates of $947.43 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. On average, sell-side 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 repurchase plan on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the completion of the sale, the insider directly owned 5,968,398 shares of the company’s stock, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

Institutional Trading of Diebold Nixdorf

Several hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC raised its holdings in shares of Diebold Nixdorf by 199.3% during the second quarter. Inspire Investing LLC now owns 23,462 shares of the technology company’s stock worth $1,300,000 after acquiring an additional 15,622 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at about $1,308,000. Chicago Partners Investment Group LLC bought a new stake in shares of Diebold Nixdorf in the second quarter valued at about $258,000. EP Wealth Advisors LLC acquired a new position in shares of Diebold Nixdorf during the first quarter worth about $264,000. Finally, William Blair Investment Management LLC boosted its position in Diebold Nixdorf by 9.5% during the second quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock valued at $89,894,000 after purchasing an additional 140,290 shares during the last quarter. 97.04% of the stock is currently 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.