Diebold Nixdorf (NYSE:DBD) Price Target Raised to $80.00

Diebold Nixdorf (NYSE:DBD) had its price objective raised by DA Davidson from $65.00 to $80.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of DBD stock opened at $44.15 on Thursday. The stock has a market cap of $1.66 billion, a PE ratio of -100.34 and a beta of 1.93. The business has a 50-day simple moving average of $43.71 and a 200-day simple moving average of $43.88. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf has a 52-week low of $30.37 and a 52-week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last issued 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%. On average, equities analysts expect that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

Several large investors have recently bought and sold shares of DBD. Victory Capital Management Inc. purchased a new stake in Diebold Nixdorf during the 3rd quarter worth approximately $319,000. Royce & Associates LP purchased a new stake in Diebold Nixdorf during the 3rd quarter worth approximately $7,901,000. Charles Schwab Investment Management Inc. increased its stake in Diebold Nixdorf by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock worth $12,464,000 after buying an additional 4,155 shares in the last quarter. FMR LLC increased its stake in Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after buying an additional 26,672 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Diebold Nixdorf by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after buying an additional 8,324 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.