Diebold Nixdorf (NYSE:DBD) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

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

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock opened at $33.54 on Tuesday. 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 business’s fifty day simple moving average is $33.14 and its 200 day simple moving average is $26.95. Diebold Nixdorf has a 12 month low of $16.50 and a 12 month high of $35.94.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $1.63. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Research analysts expect that Diebold Nixdorf will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Diebold Nixdorf news, CEO Octavio Marquez bought 1,000 shares of Diebold Nixdorf stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the purchase, the chief executive officer now directly owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Octavio Marquez bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $34.27 per share, for a total transaction of $34,270.00. Following the completion of the transaction, the chief executive officer now directly owns 133,661 shares in the company, valued at approximately $4,580,562.47. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Marjorie L. Bowen purchased 2,290 shares of Diebold Nixdorf 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 completion of the transaction, the director now owns 42,290 shares of the company’s stock, valued at approximately $1,437,014.20. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 458,115 shares of company stock valued at $15,552,956. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC purchased a new position in Diebold Nixdorf during the third quarter valued at approximately $26,000. Cetera Advisors LLC purchased a new position in shares of Diebold Nixdorf during the 4th quarter valued at $29,000. Sequoia Financial Advisors LLC purchased a new position in shares of Diebold Nixdorf during the 4th quarter valued at $32,000. Quadrature Capital Ltd bought a new position in shares of Diebold Nixdorf in the third quarter worth $34,000. Finally, UBS Group AG raised its position in shares of Diebold Nixdorf by 303.4% in the fourth quarter. UBS Group AG now owns 24,067 shares of the technology company’s stock worth $34,000 after buying an additional 18,101 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

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.