Diebold Nixdorf (NYSE:DBD) Shares Gap Down – Here’s Why

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD) gapped down prior to trading on Thursday . The stock had previously closed at $49.89, but opened at $46.80. Diebold Nixdorf shares last traded at $43.00, with a volume of 86,373 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on DBD. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. DA Davidson increased their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a research note on Monday, November 4th.

Diebold Nixdorf Stock Down 4.5 %

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42. The business has a 50 day moving average price of $44.37 and a 200-day moving average price of $41.70.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $899.30 million. On average, equities research analysts expect that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current year.

Insider Transactions at Diebold Nixdorf

In other news, EVP Frank Tobias Baur purchased 1,150 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $40.58 per share, with a total value of $46,667.00. Following the purchase, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at $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 link. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Diebold Nixdorf during the 1st quarter worth approximately $105,000. Swiss National Bank acquired a new position in shares of Diebold Nixdorf in the first quarter worth $765,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Diebold Nixdorf in the first quarter worth $502,000. Russell Investments Group Ltd. boosted its stake in shares of Diebold Nixdorf by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 36,906 shares of the technology company’s stock valued at $1,271,000 after acquiring an additional 5,327 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Diebold Nixdorf by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after purchasing an additional 38,248 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.