Diebold Nixdorf (NYSE:DBD) Earns Buy Rating from DA Davidson

Diebold Nixdorf (NYSE:DBD)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $100.00 price target on the technology company’s stock. DA Davidson‘s price target would suggest a potential upside of 66.58% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Diebold Nixdorf in a report on Thursday, October 15th. Finally, Weiss Ratings cut Diebold Nixdorf from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Diebold Nixdorf presently has a consensus rating of “Buy” and an average target price of $100.00.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $60.03 on Tuesday. The company’s fifty day moving average is $65.81 and its 200-day moving average is $75.07. Diebold Nixdorf has a 12 month low of $54.48 and a 12 month high of $92.08.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The firm had revenue of $990.90 million for the quarter, compared to analyst estimates of $971.70 million. Analysts expect that Diebold Nixdorf will post 5.46 EPS for the current year.

Insider Transactions at Diebold Nixdorf

In related news, EVP Thomas Timko acquired 700 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $72.29 per share, for a total transaction of $50,603.00. Following the completion of the transaction, the executive vice president owned 3,132 shares in the company, valued at $226,412.28. This represents a 28.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in Diebold Nixdorf by 5.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 4,112 shares of the technology company’s stock valued at $310,000 after buying an additional 224 shares in the last quarter. GAMMA Investing LLC raised its position in Diebold Nixdorf by 56.7% in the second quarter. GAMMA Investing LLC now owns 735 shares of the technology company’s stock valued at $62,000 after purchasing an additional 266 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Diebold Nixdorf during the second quarter valued at about $33,000. Fortitude Family Office LLC acquired a new position in Diebold Nixdorf in the third quarter worth about $28,000. Finally, Farther Finance Advisors LLC boosted its stake in Diebold Nixdorf by 202.9% in the third quarter. Farther Finance Advisors LLC now owns 733 shares of the technology company’s stock valued at $45,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Trending Headlines about Diebold Nixdorf

Here are the key news stories impacting Diebold Nixdorf this week:

• Positive Sentiment: Third-quarter revenue rose 5% year over year to $994.3 million, supported by 16% growth in Retail revenue. Adjusted EBITDA also increased, while gross profit improved modestly to $247.2 million from $245.1 million. Diebold Nixdorf Reports Third Quarter Revenue and Adjusted EBITDA Growth
• Positive Sentiment: Management authorized a new $250 million share-repurchase program, following the near-completion of its previous $200 million authorization. Buybacks could support per-share value and signal confidence in the company’s longer-term prospects. New Share Repurchase Program
• Positive Sentiment: Diebold Nixdorf announced a proposed strategic collaboration with Euronet to combine its ATMs, software and field services with Euronet’s payment-processing and ATM-operations capabilities. The arrangement could create additional outsourcing and recurring-revenue opportunities. Diebold Nixdorf and Euronet Strategic Collaboration
• Positive Sentiment: DA Davidson reaffirmed a Buy rating and set a $100 price target, implying substantial upside from recent trading levels. DA Davidson Rating
• Neutral Sentiment: Reported quarterly adjusted EPS of $1.34 exceeded the $1.31 consensus estimate, and revenue of $990.9 million topped the $971.7 million estimate. However, the company’s separate GAAP release showed diluted GAAP EPS of $0.19, down from $1.11 a year earlier, highlighting the impact of differences between adjusted and GAAP results. Quarterly Earnings Release
• Negative Sentiment: Diebold Nixdorf lowered full-year adjusted EBITDA guidance to $490 million-$510 million and free-cash-flow guidance to $190 million-$210 million, citing revenue mix and raw-material cost pressures. Revenue guidance was narrowed to $3.86 billion-$3.90 billion, increasing investor concern about near-term profitability and cash generation. Third-Quarter Revenue and Outlook

About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.