Diebold Nixdorf (NYSE:DBD) Stock Rating Upgraded by Wedbush

Diebold Nixdorf (NYSE:DBD) was upgraded by research analysts at Wedbush to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

DBD has been the subject of several other research reports. DA Davidson reiterated a “buy” rating and set a $100.00 target price on shares of Diebold Nixdorf in a research note on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Diebold Nixdorf in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $100.00.

Diebold Nixdorf Stock Down 0.1%

DBD stock opened at $90.61 on Monday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 30.72 and a beta of 1.12. The company has a fifty day moving average price of $82.93 and a 200 day moving average price of $78.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.28 and a quick ratio of 0.89. Diebold Nixdorf has a 12 month low of $53.93 and a 12 month high of $92.08.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.10. The company had revenue of $927.60 million for the quarter, compared to the consensus estimate of $923.07 million. Diebold Nixdorf had a net margin of 2.80% and a return on equity of 18.82%. Sell-side analysts expect that Diebold Nixdorf will post 5.5 earnings per share for the current year.

Insider Activity

In other Diebold Nixdorf news, EVP Jonathan Myers acquired 1,360 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $73.41 per share, with a total value of $99,837.60. Following the acquisition, the executive vice president owned 45,626 shares of the company’s stock, valued at $3,349,404.66. This trade represents a 3.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Octavio Marquez purchased 629 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $79.37 per share, for a total transaction of $49,923.73. Following the completion of the purchase, the chief executive officer owned 216,886 shares of the company’s stock, valued at approximately $17,214,241.82. This represents a 0.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 3,282 shares of company stock valued at $249,138 and sold 419,798 shares valued at $35,245,284. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its holdings in Diebold Nixdorf by 4.1% in the fourth quarter. ProShare Advisors LLC now owns 4,521 shares of the technology company’s stock valued at $307,000 after buying an additional 178 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Diebold Nixdorf by 5.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,112 shares of the technology company’s stock worth $310,000 after acquiring an additional 224 shares in the last quarter. CWM LLC grew its holdings in shares of Diebold Nixdorf by 15.6% in the 4th quarter. CWM LLC now owns 1,719 shares of the technology company’s stock worth $117,000 after acquiring an additional 232 shares during the period. GAMMA Investing LLC increased its stake in Diebold Nixdorf by 56.7% in the 2nd quarter. GAMMA Investing LLC now owns 735 shares of the technology company’s stock valued at $62,000 after purchasing an additional 266 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Diebold Nixdorf by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 322 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

About Diebold Nixdorf

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.