Diebold Nixdorf’s (DBD) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Diebold Nixdorf (NYSE:DBD) in a research note published on Monday,Benzinga reports. They currently have a $80.00 price objective on the technology company’s stock.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Diebold Nixdorf presently has a consensus rating of “Buy” and an average price target of $80.00.

Diebold Nixdorf Price Performance

NYSE DBD opened at $72.32 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. Diebold Nixdorf has a 12-month low of $34.88 and a 12-month high of $73.51. The firm’s 50 day moving average is $68.52 and its 200-day moving average is $62.94. The company has a market capitalization of $2.59 billion, a PE ratio of 52.79 and a beta of 1.55.

Diebold Nixdorf announced that its board has authorized a stock repurchase program on Wednesday, November 5th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the technology company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the insider directly owned 5,216,672 shares in the company, valued at $354,733,696. This represents a 8.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diebold Nixdorf by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock valued at $657,000 after purchasing an additional 631 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after acquiring an additional 880 shares in the last quarter. CWM LLC grew its stake in shares of Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after buying an additional 870 shares during the period. Ritholtz Wealth Management grew its stake in Diebold Nixdorf by 11.5% in the second quarter. Ritholtz Wealth Management now owns 15,409 shares of the technology company’s stock valued at $854,000 after acquiring an additional 1,588 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Diebold Nixdorf by 9.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock valued at $89,894,000 after purchasing an additional 140,290 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.