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

StockNews.com cut shares of Diebold Nixdorf (NYSE:DBDFree Report) from a buy rating to a hold rating in a report published on Friday.

Separately, Wedbush raised Diebold Nixdorf from a neutral rating to an outperform rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Friday, May 3rd.

Read Our Latest Stock Analysis on DBD

Diebold Nixdorf Price Performance

Shares of DBD remained flat at $41.00 during mid-day trading on Friday. The stock had a trading volume of 159,526 shares, compared to its average volume of 152,796. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The business has a 50-day simple moving average of $34.30 and a 200-day simple moving average of $29.93. Diebold Nixdorf has a 52-week low of $16.50 and a 52-week high of $41.52.

Diebold Nixdorf (NYSE:DBDGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts predict that Diebold Nixdorf will post 5.79 EPS for the current year.

Insider Activity at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Millstreet Capital Management sold 457,715 shares of the business’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 completion of the transaction, the insider now directly owns 6,477,361 shares in the company, valued at approximately $219,906,405.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frank Tobias Baur bought 4,200 shares of Diebold Nixdorf stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $39.46 per share, with a total value of $165,732.00. Following the acquisition, the executive vice president now owns 23,112 shares in the company, valued at approximately $911,999.52. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,003 shares of company stock valued at $297,772 and sold 458,315 shares valued at $15,559,766. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its position in Diebold Nixdorf by 0.5% during the fourth quarter. Capital World Investors now owns 12,246,615 shares of the technology company’s stock valued at $354,540,000 after purchasing an additional 65,342 shares during the period. Arena Capital Advisors LLC CA bought a new position in shares of Diebold Nixdorf during the 3rd quarter valued at $33,785,000. Vanguard Group Inc. boosted its stake in shares of Diebold Nixdorf by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after buying an additional 38,248 shares during the last quarter. Glendon Capital Management LP grew its holdings in shares of Diebold Nixdorf by 5.5% in the fourth quarter. Glendon Capital Management LP now owns 1,173,637 shares of the technology company’s stock worth $33,977,000 after acquiring an additional 60,984 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after acquiring an additional 94,421 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

(Get Free Report)

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.

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