Diebold Nixdorf (NYSE:DBD) Lowered to "Hold" Rating by StockNews.com

Diebold Nixdorf (NYSE:DBD - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other research analysts have also issued reports about the stock. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday. DA Davidson raised their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, CJS Securities upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock traded up $1.75 during midday trading on Friday, reaching $48.00. The company had a trading volume of 229,721 shares, compared to its average volume of 179,562. The company has a market capitalization of $1.81 billion, a P/E ratio of -109.09 and a beta of 1.73. Diebold Nixdorf has a 12-month low of $34.38 and a 12-month high of $51.81. The firm's fifty day simple moving average is $42.80 and its 200-day simple moving average is $43.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. The company had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. As a group, equities analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 700 shares of the firm's stock in a transaction on Friday, May 9th. The stock was bought at an average price of $46.12 per share, with a total value of $32,284.00. Following the transaction, the executive vice president now directly owns 38,572 shares of the company's stock, valued at approximately $1,778,940.64. This represents a 1.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the sale, the director now directly owns 40,000 shares of the company's stock, valued at approximately $1,747,200. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Institutional investors have recently modified their holdings of the company. Skylands Capital LLC lifted its position in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock worth $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth $520,000. Ritholtz Wealth Management purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth $303,000. Invesco Ltd. lifted its position in shares of Diebold Nixdorf by 7.6% during the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock worth $529,000 after purchasing an additional 867 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth $860,000. 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.