Diebold Nixdorf (NYSE:DBD) Given Outperform Rating at Wedbush

Diebold Nixdorf (NYSE:DBD – Get Rating)‘s stock had its “outperform” rating reiterated by Wedbush in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $5.00 price target on the technology company’s stock. Wedbush’s price target would suggest a potential upside of 426.32% from the company’s current price.

Separately, StockNews.com started coverage on Diebold Nixdorf in a research note on Thursday. They issued a “sell” rating for the company.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock opened at $0.95 on Friday. The company has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.40. The firm has a market capitalization of $75.13 million, a P/E ratio of -0.13 and a beta of 3.02. Diebold Nixdorf has a one year low of $0.86 and a one year high of $7.60.

Insider Activity

In related news, Director Gary G. Greenfield acquired 17,500 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were acquired at an average price of $2.88 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the director now directly owns 172,419 shares of the company’s stock, valued at $496,566.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Diebold Nixdorf news, CEO Octavio Marquez purchased 30,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were purchased at an average cost of $2.28 per share, for a total transaction of $68,400.00. Following the completion of the transaction, the chief executive officer now owns 351,286 shares in the company, valued at $800,932.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary G. Greenfield acquired 17,500 shares of Diebold Nixdorf stock in a transaction dated Tuesday, February 14th. The shares were acquired at an average price of $2.88 per share, with a total value of $50,400.00. Following the transaction, the director now owns 172,419 shares in the company, valued at approximately $496,566.72. The disclosure for this purchase can be found here. Insiders own 4.18% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank increased its holdings in shares of Diebold Nixdorf by 8.2% in the first quarter. Swiss National Bank now owns 176,059 shares of the technology company’s stock valued at $1,185,000 after buying an additional 13,400 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Diebold Nixdorf by 11.4% in the 1st quarter. JPMorgan Chase & Co. now owns 62,934 shares of the technology company’s stock worth $423,000 after acquiring an additional 6,422 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Diebold Nixdorf during the first quarter worth $103,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Diebold Nixdorf by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,100 shares of the technology company’s stock valued at $297,000 after purchasing an additional 8,938 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Diebold Nixdorf by 14.9% in the 1st quarter. MetLife Investment Management LLC now owns 28,775 shares of the technology company’s stock valued at $194,000 after purchasing an additional 3,730 shares during the period. 74.46% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Company Profile

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Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.