Diebold Nixdorf (NYSE:DBD) Shares Up 8.6%

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price shot up 8.6% during mid-day trading on Thursday . The company traded as high as $33.85 and last traded at $33.85. 17,969 shares changed hands during trading, a decline of 86% from the average session volume of 131,546 shares. The stock had previously closed at $31.16.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DBD shares. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wedbush upgraded Diebold Nixdorf from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $50.00 in a research report on Friday.

Diebold Nixdorf Stock Performance

The business’s fifty day moving average is $33.61 and its 200 day moving average is $29.15. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.08.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $1.63. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 3.94 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In other news, Director Marjorie L. Bowen acquired 2,290 shares of Diebold Nixdorf stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $33.98 per share, with a total value of $77,814.20. Following the completion of the purchase, the director now owns 42,290 shares of the company’s stock, valued at $1,437,014.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $34.27 per share, with a total value of $34,270.00. Following the completion of the transaction, the chief executive officer now owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marjorie L. Bowen bought 2,290 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of $33.98 per share, for a total transaction of $77,814.20. Following the acquisition, the director now directly owns 42,290 shares in the company, valued at $1,437,014.20. The disclosure for this purchase can be found here. Insiders have sold 458,315 shares of company stock valued at $15,559,766 over the last three months. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors lifted its stake in Diebold Nixdorf by 0.5% in the fourth 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 last quarter. Beach Point Capital Management LP acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at $61,481,000. Arena Capital Advisors LLC CA acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at $33,785,000. Glendon Capital Management LP boosted its holdings in Diebold Nixdorf by 5.5% in the fourth quarter. Glendon Capital Management LP now owns 1,173,637 shares of the technology company’s stock worth $33,977,000 after purchasing an additional 60,984 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after buying an additional 94,421 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

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.