Diebold Nixdorf (NYSE:DBD) Upgraded by StockNews.com to "Buy"

StockNews.com upgraded shares of Diebold Nixdorf (NYSE:DBD - Free Report) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, Wedbush restated a neutral rating and issued a $25.00 price objective on shares of Diebold Nixdorf in a report on Monday, February 12th.

Diebold Nixdorf Stock Performance

Shares of DBD stock traded down $1.77 during trading on Wednesday, reaching $33.06. The company's stock had a trading volume of 81,103 shares, compared to its average volume of 141,083. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $33.49 and its 200 day moving average price is $27.52. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $35.94.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $3.02 earnings per share 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. On average, equities analysts anticipate 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 the business's stock in a transaction that occurred 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 owns 6,477,361 shares in the company, valued at approximately $219,906,405.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 457,715 shares of the business's stock in a transaction that occurred 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 owns 6,477,361 shares in the company, valued at approximately $219,906,405.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marjorie L. Bowen bought 2,290 shares of the stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $33.98 per share, with a total value of $77,814.20. Following the acquisition, the director now owns 42,290 shares in the company, valued at approximately $1,437,014.20. The disclosure for this purchase can be found here. Insiders sold 458,315 shares of company stock worth $15,559,766 in the last 90 days. Corporate insiders own 0.04% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DBD. Beach Point Capital Management LP purchased a new position in Diebold Nixdorf during the 3rd quarter worth $61,481,000. Millennium Management LLC raised its position in Diebold Nixdorf by 400.8% during the 4th quarter. Millennium Management LLC now owns 3,959,686 shares of the technology company's stock worth $5,623,000 after buying an additional 3,169,086 shares during the last quarter. Arena Capital Advisors LLC CA purchased a new position in Diebold Nixdorf during the 3rd quarter worth $33,785,000. Renaissance Technologies LLC purchased a new position in Diebold Nixdorf during the 1st quarter worth $1,802,000. Finally, Vanguard Group Inc. purchased a new position in Diebold Nixdorf during the 4th quarter worth $38,789,000. 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.