Diebold Nixdorf (NYSE:DBD) Upgraded 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 research note released on Saturday.

Separately, Wedbush upped their price target on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th.

Diebold Nixdorf Stock Up 0.2%

DBD stock traded up $0.14 during mid-day trading on Friday, reaching $61.89. The company had a trading volume of 30,270 shares, compared to its average volume of 169,430. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. Diebold Nixdorf has a 52 week low of $34.88 and a 52 week high of $62.60. The stock has a 50 day simple moving average of $55.97 and a two-hundred day simple moving average of $48.29. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -182.04 and a beta of 1.68.

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

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

Institutional Trading of Diebold Nixdorf

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Diebold Nixdorf by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after acquiring an additional 477 shares during the period. AlphaQuest LLC raised its position in Diebold Nixdorf by 3,621.4% in the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company's stock worth $29,000 after purchasing an additional 507 shares during the period. Sterling Capital Management LLC increased its position in shares of Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after acquiring an additional 723 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock valued at $673,000 after purchasing an additional 856 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Diebold Nixdorf by 7.6% in the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after acquiring an additional 867 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

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.