Diebold Nixdorf's (DBD) "Neutral" Rating Reaffirmed at Wedbush

Wedbush reissued their neutral rating on shares of Diebold Nixdorf (NYSE:DBD - Free Report) in a research report released on Thursday, Marketbeat Ratings reports. Wedbush currently has a $40.00 price target on the technology company's stock.

Separately, StockNews.com cut shares of Diebold Nixdorf from a buy rating to a hold rating in a research report on Thursday, April 18th.

Diebold Nixdorf Stock Down 1.9 %

Shares of NYSE DBD traded down $0.62 during midday trading on Thursday, reaching $32.31. The company's stock had a trading volume of 105,151 shares, compared to its average volume of 134,413. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.10. Diebold Nixdorf has a fifty-two week low of $16.50 and a fifty-two week high of $35.94. The stock has a 50 day simple moving average of $33.70 and a 200-day simple moving average of $28.54.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $1.63. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, equities analysts expect that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 457,715 shares of Diebold Nixdorf stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the completion of the transaction, the insider now directly owns 6,477,361 shares of the company's stock, valued at $219,906,405.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Octavio Marquez acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $34.27 per share, with a total value of $34,270.00. Following the completion of the transaction, the chief executive officer now directly owns 133,661 shares of the company's stock, valued at approximately $4,580,562.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Millstreet Capital Management sold 457,715 shares of the company's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the sale, the insider now directly owns 6,477,361 shares of the company's stock, valued at approximately $219,906,405.95. The disclosure for this sale can be found here. Insiders sold a total of 458,315 shares of company stock valued at $15,559,766 over the last ninety days. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Beach Point Capital Management LP acquired a new position in shares of Diebold Nixdorf in the third quarter valued at approximately $61,481,000. Arena Capital Advisors LLC CA acquired a new position in shares of Diebold Nixdorf in the third quarter valued at approximately $33,785,000. Glendon Capital Management LP bought a new stake in Diebold Nixdorf in the third quarter valued at approximately $21,074,000. Oaktree Capital Management LP bought a new stake in Diebold Nixdorf in the third quarter valued at approximately $11,189,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Diebold Nixdorf by 411.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company's stock valued at $10,918,000 after acquiring an additional 463,744 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

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.