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

Key Points

• Diebold Nixdorf's stock rating has been upgraded to Strong-Buy by Wall Street Zen, indicating increased confidence from analysts.
• The company recently announced a $100 million share buyback program, suggesting that its board believes the shares are undervalued.
• Despite missing earnings expectations for the last quarter, Diebold Nixdorf reported revenue exceeding estimates, with an average target price set at $75.00 among analysts.

Diebold Nixdorf (NYSE:DBD - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Diebold Nixdorf in a report on Wednesday. Wedbush lifted their price target on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, DA Davidson reaffirmed a "buy" rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Diebold Nixdorf currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Diebold Nixdorf Price Performance

DBD stock opened at $54.94 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. Diebold Nixdorf has a 12 month low of $34.88 and a 12 month high of $63.46. The firm has a market cap of $2.01 billion, a P/E ratio of -161.58 and a beta of 1.59. The company's 50-day moving average price is $59.43 and its two-hundred day moving average price is $52.92.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced 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 company had revenue of $915.20 million for 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%. On average, analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

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

Insider Activity

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the transaction, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Diebold Nixdorf by 3,369.3% during the 1st 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 period. Harbor Capital Advisors Inc. lifted its position in shares of Diebold Nixdorf by 182.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after acquiring an additional 926 shares during the period. Ritholtz Wealth Management lifted its position in shares of Diebold Nixdorf by 96.3% during the 1st quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company's stock valued at $604,000 after acquiring an additional 6,782 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Diebold Nixdorf by 3.2% during 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 acquiring an additional 23,484 shares during the period. Finally, Skylands Capital LLC lifted its position in shares of Diebold Nixdorf by 23.3% during the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock valued at $24,072,000 after acquiring an additional 103,975 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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