StockNews.com Lowers Diebold Nixdorf (NYSE:DBD) to Hold

Diebold Nixdorf (NYSE:DBD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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

Diebold Nixdorf Stock Down 0.8 %

Shares of NYSE:DBD opened at $32.90 on Thursday. The company’s fifty day moving average price is $33.70 and its 200 day moving average price is $27.99. Diebold Nixdorf has a 12 month low of $16.50 and a 12 month high of $35.94. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 EPS for the quarter, topping the consensus estimate of $1.39 by $1.63. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, equities research analysts anticipate that Diebold Nixdorf will post 3.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Marjorie L. Bowen purchased 2,290 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $33.98 per share, with a total value of $77,814.20. Following the completion of the acquisition, the director now directly owns 42,290 shares of the company’s stock, valued at approximately $1,437,014.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Marjorie L. Bowen purchased 2,290 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $33.98 per share, with a total value of $77,814.20. Following the completion of the acquisition, the director now directly owns 42,290 shares of the company’s stock, valued at approximately $1,437,014.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the transaction, the insider now directly owns 6,477,361 shares of the company’s stock, valued at $219,906,405.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 458,315 shares of company stock valued at $15,559,766. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Beach Point Capital Management LP acquired a new position in Diebold Nixdorf during the third quarter worth about $61,481,000. Millennium Management LLC grew its position in Diebold Nixdorf by 400.8% during the fourth 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 period. Arena Capital Advisors LLC CA acquired a new position in Diebold Nixdorf during the third quarter worth about $33,785,000. Renaissance Technologies LLC acquired a new position in Diebold Nixdorf during the first quarter worth about $1,802,000. Finally, Vanguard Group Inc. acquired a new position in Diebold Nixdorf during the fourth quarter worth about $38,789,000. 97.04% of the stock is owned by hedge funds and other 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.