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

StockNews.com lowered shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research report released on Tuesday morning.

Separately, Wedbush upgraded Diebold Nixdorf from a neutral rating to an outperform rating and upped their price objective for the company from $40.00 to $50.00 in a report on Friday, May 3rd.

Diebold Nixdorf Price Performance

Shares of DBD stock opened at $37.23 on Tuesday. Diebold Nixdorf has a 52-week low of $16.50 and a 52-week high of $45.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 0.94. The stock has a 50 day moving average price of $39.58 and a 200 day moving average price of $34.42.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $1.16. The company had revenue of $895.40 million during the quarter, compared to analysts’ expectations of $872.40 million. On average, research analysts forecast that Diebold Nixdorf will post 5.79 EPS for the current fiscal year.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the transaction, the insider now owns 6,027,361 shares of the company’s stock, valued at $256,162,842.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the completion of the sale, the insider now owns 6,027,361 shares in the company, valued at $256,162,842.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frank Tobias Baur bought 4,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $39.46 per share, with a total value of $165,732.00. Following the purchase, the executive vice president now directly owns 23,112 shares of the company’s stock, valued at approximately $911,999.52. The disclosure for this purchase can be found here. Insiders have sold 450,200 shares of company stock valued at $19,131,810 over the last quarter. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Diebold Nixdorf by 0.5% during the 4th quarter. Capital World Investors now owns 12,246,615 shares of the technology company’s stock valued at $354,540,000 after acquiring an additional 65,342 shares during the period. Vanguard Group Inc. increased its stake in shares of 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. Glendon Capital Management LP grew its stake in Diebold Nixdorf by 5.5% in the 4th quarter. Glendon Capital Management LP now owns 1,173,637 shares of the technology company’s stock worth $33,977,000 after acquiring an additional 60,984 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Diebold Nixdorf by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock worth $23,520,000 after acquiring an additional 94,421 shares during the period. Finally, Irenic Capital Management LP grew its stake in Diebold Nixdorf by 22.2% in the 4th quarter. Irenic Capital Management LP now owns 493,253 shares of the technology company’s stock worth $14,280,000 after acquiring an additional 89,496 shares during the period. 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.