Diebold Nixdorf (NYSE:DBD) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBD) from a buy rating to a hold rating in a research report report published on Thursday morning.

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

Diebold Nixdorf Stock Down 2.6 %

Shares of NYSE DBD opened at $32.06 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.52. The stock’s 50-day simple moving average is $33.77 and its two-hundred day simple moving average is $28.06. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $35.94.

Diebold Nixdorf (NYSE:DBD) last announced its 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, analysts predict that Diebold Nixdorf will post 3.94 EPS for the current year.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total value of $15,539,424.25. Following the completion of the transaction, the insider now owns 6,477,361 shares of the company’s stock, valued at approximately $219,906,405.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Octavio Marquez bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $34.27 per share, with a total value of $34,270.00. Following the transaction, the chief executive officer now owns 133,661 shares of the company’s stock, valued at $4,580,562.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Millstreet Capital Management sold 457,715 shares of the firm’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 value of $15,539,424.25. Following the transaction, 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. In the last three months, insiders sold 458,315 shares of company stock worth $15,559,766. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC bought a new position in Diebold Nixdorf during the 3rd quarter valued at approximately $26,000. Tower Research Capital LLC TRC bought a new position in Diebold Nixdorf during the 4th quarter valued at approximately $46,000. Public Employees Retirement System of Ohio bought a new position in Diebold Nixdorf during the 3rd quarter valued at approximately $79,000. Lazard Asset Management LLC bought a new position in Diebold Nixdorf during the 3rd quarter valued at approximately $105,000. Finally, Citigroup Inc. bought a new position in Diebold Nixdorf during the 3rd quarter valued at approximately $135,000. Institutional investors 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.