Diebold Nixdorf (NYSE:DBD) Upgraded to Outperform at Wedbush

Wedbush upgraded shares of Diebold Nixdorf (NYSE:DBD - Free Report) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has $50.00 price objective on the technology company's stock, up from their prior price objective of $40.00.

Separately, StockNews.com downgraded Diebold Nixdorf from a buy rating to a hold rating in a research note on Thursday, April 18th.

Diebold Nixdorf Stock Up 9.4 %

NYSE DBD traded up $3.25 during mid-day trading on Friday, hitting $37.77. The stock had a trading volume of 317,148 shares, compared to its average volume of 136,716. The firm's 50 day moving average is $33.61 and its 200 day moving average is $29.15. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $38.99. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 1.16.

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

Insiders Place Their Bets

In related news, Director Marjorie L. Bowen bought 2,290 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $33.98 per share, with a total value of $77,814.20. Following the purchase, the director now directly owns 42,290 shares of the company's stock, valued at $1,437,014.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $34.27 per share, for a total transaction of $34,270.00. Following the acquisition, the chief executive officer now owns 133,661 shares in the company, valued at approximately $4,580,562.47. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marjorie L. Bowen purchased 2,290 shares of the stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $33.98 per share, with a total value of $77,814.20. Following the completion of 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 valued at $15,559,766 in the last three months. 0.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds have recently modified their holdings of DBD. Tower Research Capital LLC TRC purchased a new position in shares of Diebold Nixdorf during the 4th quarter worth $46,000. Public Employees Retirement System of Ohio purchased a new position in shares of Diebold Nixdorf during the 3rd quarter worth $79,000. Citigroup Inc. purchased a new position in Diebold Nixdorf during the 3rd quarter valued at about $135,000. Cannon Global Investment Management LLC purchased a new position in Diebold Nixdorf during the 1st quarter valued at about $276,000. Finally, Wolverine Asset Management LLC purchased a new position in Diebold Nixdorf during the 3rd quarter valued at about $519,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.