Diebold Nixdorf (NYSE:DBD) Downgraded by Wall Street Zen to "Buy"

Key Points

• Diebold Nixdorf has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating, signaling a shift in market sentiment regarding the company's stock.
• The company recently initiated a $100 million stock buyback plan, indicating that its board believes the stock is undervalued.
• Diebold Nixdorf reported a quarterly earnings miss alongside revenue that exceeded analysts' expectations, highlighting mixed financial performance.

Diebold Nixdorf (NYSE:DBD - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on DBD. Wedbush raised their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Diebold Nixdorf in a research note on Saturday, September 27th. Finally, DA Davidson reiterated a "buy" rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock traded up $1.02 during trading hours on Friday, reaching $58.24. 151,257 shares of the stock were exchanged, compared to its average volume of 182,007. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. Diebold Nixdorf has a twelve month low of $34.88 and a twelve month high of $63.46. The company has a market cap of $2.13 billion, a P/E ratio of -171.29 and a beta of 1.59. The stock has a 50 day moving average of $59.32 and a two-hundred day moving average of $52.43.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.01). The firm had revenue of $915.20 million for the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. Equities analysts expect that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has initiated a stock buyback plan on Wednesday, August 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider directly owned 5,968,398 shares in the company, valued at $358,581,351.84. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Diebold Nixdorf by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,335 shares of the technology company's stock valued at $875,000 after purchasing an additional 3,639 shares during the last quarter. GAMMA Investing LLC boosted its position in Diebold Nixdorf by 3,369.3% during the first quarter. GAMMA Investing LLC now owns 11,761 shares of the technology company's stock valued at $514,000 after acquiring an additional 11,422 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Diebold Nixdorf by 182.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock worth $63,000 after acquiring an additional 926 shares during the period. Ritholtz Wealth Management raised its position in shares of Diebold Nixdorf by 96.3% in the 1st quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company's stock worth $604,000 after acquiring an additional 6,782 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Diebold Nixdorf by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock valued at $33,577,000 after purchasing an additional 23,484 shares during the period. Institutional investors and hedge funds own 97.04% of the company's stock.

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.

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