Diebold Nixdorf (NYSE:DBD) Raised to Buy at Zacks Investment Research

Diebold Nixdorf (NYSE:DBD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $9.75 target price on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.62% from the stock’s previous close.

According to Zacks, “Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions. It provides automatic teller machines, financial and point of sale services. The Company offers electronic card systems, monitoring software, fraud control, retail cash cycle management and electronic shelf labeling services. Diebold Nixdorf Incorporated, formerly known as Diebold Inc. is based in Ohio, United States. “

A number of other equities analysts have also issued reports on DBD. DA Davidson reissued a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Diebold Nixdorf in a research report on Friday, December 13th. JPMorgan Chase & Co. raised shares of Diebold Nixdorf from an “underweight” rating to a “neutral” rating and set a $7.00 price target for the company in a research report on Friday, November 1st. Finally, ValuEngine raised shares of Diebold Nixdorf from a “strong sell” rating to a “sell” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.19.

Shares of Diebold Nixdorf stock traded up $0.32 during midday trading on Friday, hitting $9.06. The company had a trading volume of 1,426,722 shares, compared to its average volume of 1,402,922. The stock has a market cap of $669.26 million, a price-to-earnings ratio of -2.02 and a beta of 2.82. The company has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $10.61. Diebold Nixdorf has a 12-month low of $6.55 and a 12-month high of $14.66.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company earned ($0.08) earnings per share. The company’s revenue was down 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Diebold Nixdorf will post -0.12 earnings per share for the current fiscal year.

In other Diebold Nixdorf news, Director Ellen Costello purchased 8,000 shares of Diebold Nixdorf stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $8.74 per share, with a total value of $69,920.00. Company insiders own 0.92% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DBD. Victory Capital Management Inc. increased its holdings in shares of Diebold Nixdorf by 107.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,509,857 shares of the technology company’s stock valued at $26,504,000 after purchasing an additional 1,300,581 shares in the last quarter. State Street Corp increased its holdings in shares of Diebold Nixdorf by 0.7% during the 3rd quarter. State Street Corp now owns 2,361,214 shares of the technology company’s stock valued at $26,446,000 after purchasing an additional 15,528 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Diebold Nixdorf by 1.8% during the 4th quarter. Gabelli Funds LLC now owns 1,157,300 shares of the technology company’s stock valued at $12,221,000 after purchasing an additional 20,000 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Diebold Nixdorf by 2,608.3% during the 4th quarter. Russell Investments Group Ltd. now owns 880,335 shares of the technology company’s stock valued at $9,294,000 after purchasing an additional 847,830 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Diebold Nixdorf by 7.3% during the 4th quarter. Renaissance Technologies LLC now owns 534,000 shares of the technology company’s stock valued at $5,639,000 after purchasing an additional 36,193 shares in the last quarter. 91.47% of the stock is owned by institutional investors.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through two segments, Banking and Retail. The Banking segment 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.

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