Diebold Nixdorf (NYSE:DBD) Downgraded to Hold Rating by StockNews.com

Diebold Nixdorf (NYSE:DBD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also recently weighed in on DBD. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Diebold Nixdorf Trading Down 0.2 %

NYSE:DBD traded down $0.10 on Tuesday, hitting $43.28. The stock had a trading volume of 129,378 shares, compared to its average volume of 119,573. The company has a fifty day moving average price of $43.71 and a two-hundred day moving average price of $44.16. 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 1-year low of $30.37 and a 1-year high of $51.81. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -98.35 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Equities research analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors have recently modified their holdings of DBD. Victory Capital Management Inc. acquired a new position in Diebold Nixdorf during the third quarter worth approximately $319,000. Royce & Associates LP bought a new position in Diebold Nixdorf during the 3rd quarter valued at $7,901,000. Charles Schwab Investment Management Inc. boosted 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 valued at $12,464,000 after acquiring an additional 4,155 shares during the last quarter. FMR LLC boosted 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 valued at $1,191,000 after acquiring an additional 26,672 shares during the last quarter. Finally, MetLife Investment Management LLC boosted 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 valued at $660,000 after acquiring an additional 8,324 shares during 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.