Diebold Nixdorf’s (DBD) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research note issued to investors on Monday,RTT News reports. They currently have a $50.00 price objective on the technology company’s stock.

Several other equities research analysts have also weighed in on DBD. DA Davidson lifted their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $43.04 on Monday. The firm has a 50-day moving average of $44.45 and a 200-day moving average of $41.63. Diebold Nixdorf has a 52-week low of $19.13 and a 52-week high of $51.81. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data 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. The company had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. As a group, equities analysts forecast that Diebold Nixdorf will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price 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 $984,551.96. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DBD. Vanguard Group Inc. increased its position in Diebold Nixdorf by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock valued at $47,462,000 after buying an additional 38,248 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Diebold Nixdorf by 4.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock valued at $34,188,000 after acquiring an additional 31,152 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Diebold Nixdorf by 89.9% during the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after acquiring an additional 198,177 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Diebold Nixdorf in the second quarter worth approximately $12,849,000. Finally, Skylands Capital LLC boosted its position in shares of Diebold Nixdorf by 24.1% during the second quarter. Skylands Capital LLC now owns 252,100 shares of the technology company’s stock worth $9,701,000 after buying an additional 49,000 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.