Diebold Nixdorf (NYSE:DBD) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Diebold Nixdorf was upgraded from a "hold" to a "strong-buy" rating by Wall Street Zen, reflecting increasing confidence in the company's future performance.
• Wedbush raised their target price for Diebold Nixdorf to $70.00 and maintains an "outperform" rating, indicating bullish sentiment among analysts.
• The company announced a $100 million stock repurchase program, suggesting that the board believes its shares are currently undervalued.

Wall Street Zen upgraded shares of Diebold Nixdorf (NYSE:DBD - Free Report) from a hold rating to a strong-buy rating in a report published on Saturday morning.

Separately, Wedbush upped their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday.

Diebold Nixdorf Price Performance

DBD traded down $0.36 during trading on Friday, reaching $59.63. 125,950 shares of the stock were exchanged, compared to its average volume of 169,670. The business's 50 day moving average price is $55.49 and its two-hundred day moving average price is $48.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -175.37 and a beta of 1.68. Diebold Nixdorf has a 1 year low of $34.88 and a 1 year high of $61.01.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS 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 analysts' expectations of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. As a group, equities research analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has approved a stock buyback program on Wednesday, August 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBD. Nuveen LLC acquired a new stake in Diebold Nixdorf during the first quarter worth about $10,796,000. New Vernon Capital Holdings II LLC acquired a new stake in shares of Diebold Nixdorf in the first quarter valued at about $10,683,000. Glendon Capital Management LP grew its stake in shares of Diebold Nixdorf by 13.7% in the first quarter. Glendon Capital Management LP now owns 1,498,282 shares of the technology company's stock valued at $65,505,000 after buying an additional 180,232 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Diebold Nixdorf in the first quarter valued at about $6,715,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Diebold Nixdorf by 32.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock valued at $27,105,000 after buying an additional 153,511 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.