Diebold Nixdorf (NYSE:DBD) Cut to “Hold” at StockNews.com

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

Several other equities research analysts also recently issued reports on DBD. DA Davidson boosted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock opened at $43.14 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $43.90 and a 200 day moving average price of $44.18. Diebold Nixdorf has a 12-month low of $30.37 and a 12-month high of $51.81. The stock has a market cap of $1.62 billion, a P/E ratio of -98.05 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly 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%. Sell-side analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Diebold Nixdorf by 21.6% in the third quarter. State Street Corp now owns 505,002 shares of the technology company’s stock valued at $22,553,000 after acquiring an additional 89,840 shares during the period. Skylands Capital LLC increased its holdings in shares of Diebold Nixdorf by 57.5% in the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after acquiring an additional 162,975 shares during the period. Geode Capital Management LLC raised its position in Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Diebold Nixdorf during the 3rd quarter worth $319,000. Finally, FMR LLC grew its position 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 purchasing an additional 26,672 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.