Diebold Nixdorf (NYSE:DBD) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Diebold Nixdorf's stock has received a "sell (D+)" rating from Weiss Ratings, reaffirming a bearish outlook on the company.
• Although Weiss Ratings issued a sell rating, other analysts showed mixed views, with Wall Street Zen downgrading from "strong-buy" to "buy" and Wedbush raising their price target to $70.00.
• The company reported a loss in earnings per share by missing estimates, although they had higher than expected revenue of $915.20 million for the quarter.

Diebold Nixdorf (NYSE:DBD - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Diebold Nixdorf from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 3rd. Wedbush raised their price target on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, DA Davidson restated a "buy" rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Diebold Nixdorf has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Diebold Nixdorf Price Performance

Shares of DBD stock traded up $0.13 on Wednesday, reaching $57.46. The company's stock had a trading volume of 147,035 shares, compared to its average volume of 179,499. The stock's fifty day simple moving average is $59.37 and its 200-day simple moving average is $52.74. Diebold Nixdorf has a 1 year low of $34.88 and a 1 year high of $63.46. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -169.00 and a beta of 1.59.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its 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). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The business had revenue of $915.20 million during the quarter, compared to analysts' expectations of $879.57 million. Analysts forecast that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has authorized a stock repurchase program on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider directly owned 5,968,398 shares in the company, valued at $358,581,351.84. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBD. Tower Research Capital LLC TRC grew its stake in shares of Diebold Nixdorf by 881.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,945 shares of the technology company's stock worth $274,000 after acquiring an additional 4,441 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Diebold Nixdorf by 1.0% during the second quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company's stock worth $1,740,000 after acquiring an additional 322 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Diebold Nixdorf during the second quarter worth about $429,000. Bank of America Corp DE grew its stake in shares of Diebold Nixdorf by 10.7% during the second quarter. Bank of America Corp DE now owns 96,425 shares of the technology company's stock worth $5,342,000 after acquiring an additional 9,326 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Diebold Nixdorf by 78.9% during the second quarter. Jane Street Group LLC now owns 74,935 shares of the technology company's stock worth $4,151,000 after acquiring an additional 33,044 shares during the last quarter. Hedge funds and other institutional investors 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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