Diebold Nixdorf (NYSE:DBD) Shares Cross Above 200-Day Moving Average of $38.21

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.21 and traded as high as $43.50. Diebold Nixdorf shares last traded at $43.20, with a volume of 98,267 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a report on Thursday, August 8th. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, DA Davidson lifted their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Diebold Nixdorf Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. The business’s fifty day simple moving average is $40.86 and its two-hundred day simple moving average is $38.28.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The business had revenue of $939.70 million for the quarter, compared to analyst estimates of $899.30 million. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insider Activity

In related news, CEO Octavio Marquez bought 1,100 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the transaction, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 1,150 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the transaction, the executive vice president now owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Octavio Marquez purchased 1,100 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the transaction, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,650 shares of company stock worth $141,935 over the last 90 days. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank acquired a new position in Diebold Nixdorf during the second quarter worth about $34,000. nVerses Capital LLC acquired a new position in Diebold Nixdorf during the second quarter worth about $35,000. ClariVest Asset Management LLC boosted its position in Diebold Nixdorf by 1.7% during the second quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company’s stock worth $2,496,000 after acquiring an additional 1,067 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Diebold Nixdorf by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock worth $914,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Diebold Nixdorf by 215.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.