Diebold Nixdorf (DBD) Bonds Trading 2.3% Higher

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An issue of Diebold Nixdorf Inc (NYSE:DBD) bonds rose 2.3% against their face value during trading on Thursday. The debt issue has a 8.5% coupon and will mature on April 15, 2024. The debt is now trading at $91.50 and was trading at $86.63 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of research firms recently weighed in on DBD. Zacks Investment Research upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Monday, February 18th. DA Davidson upgraded shares of Diebold Nixdorf from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Tuesday, January 8th. ValuEngine upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, JPMorgan Chase & Co. set a $7.00 target price on shares of Diebold Nixdorf and gave the company a “sell” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.56.

Shares of DBD traded up $0.52 during trading hours on Thursday, reaching $11.02. 3,031,298 shares of the stock traded hands, compared to its average volume of 2,471,220. The company has a debt-to-equity ratio of 102.95, a quick ratio of 1.02 and a current ratio of 1.40. Diebold Nixdorf Inc has a 52-week low of $2.41 and a 52-week high of $17.52. The stock has a market cap of $803.88 million, a price-to-earnings ratio of -10.70, a price-to-earnings-growth ratio of 14.95 and a beta of 2.88.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, February 13th. The technology company reported ($0.08) earnings per share for the quarter. Diebold Nixdorf had a negative net margin of 11.92% and a negative return on equity of 53.21%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Diebold Nixdorf Inc will post 0.23 earnings per share for the current year.

In other news, insider Gerrard Schmid bought 22,222 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $8.80 per share, for a total transaction of $195,553.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey L. Rutherford bought 19,100 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $10.54 per share, for a total transaction of $201,314.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 87,822 shares of company stock worth $823,783. 0.74% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in Diebold Nixdorf by 7.9% in the 3rd quarter. Legal & General Group Plc now owns 213,407 shares of the technology company’s stock worth $973,000 after purchasing an additional 15,713 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Diebold Nixdorf in the 3rd quarter worth $15,365,000. SG Americas Securities LLC purchased a new stake in Diebold Nixdorf in the 3rd quarter worth $1,474,000. Luminus Management LLC purchased a new stake in Diebold Nixdorf in the 3rd quarter worth $1,125,000. Finally, Teton Advisors Inc. lifted its stake in Diebold Nixdorf by 12.7% in the 4th quarter. Teton Advisors Inc. now owns 420,701 shares of the technology company’s stock worth $1,048,000 after purchasing an additional 47,318 shares in the last quarter.

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Diebold Nixdorf Company Profile (NYSE:DBD)

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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