Diebold Nixdorf (DBD) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Diebold Nixdorf (NYSE:DBD) from a sell rating to a hold rating in a research note issued to investors on Monday morning.
According to Zacks, “Diebold Nixdorf provides the technology, software and services that connect people around the world with their money – bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets. Diebold is known for designing, manufacturing, and servicing numerous product lines related to security and automated service. By 1998, the company offered automated teller machines, electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions, among other products and services. “
Several other analysts have also recently commented on DBD. ValuEngine cut Diebold Nixdorf from a hold rating to a sell rating in a research report on Monday, April 2nd. DA Davidson began coverage on Diebold Nixdorf in a research report on Wednesday, February 7th. They set a neutral rating and a $19.00 price target for the company. Credit Suisse Group reiterated an outperform rating and set a $19.00 price target (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday, February 14th. Lake Street Capital upgraded Diebold Nixdorf from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Tuesday, February 13th. Finally, JPMorgan Chase set a $21.00 price target on Diebold Nixdorf and gave the stock a buy rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Diebold Nixdorf currently has a consensus rating of Hold and an average price target of $20.80.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Diebold Nixdorf had a positive return on equity of 14.90% and a negative net margin of 5.06%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. sell-side analysts forecast that Diebold Nixdorf will post 1.16 earnings per share for the current fiscal year.
In related news, CFO Christopher A. Chapman bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $16.05 per share, for a total transaction of $48,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.74% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Neuberger Berman Group LLC grew its holdings in Diebold Nixdorf by 1,648.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock valued at $14,981,000 after buying an additional 618,105 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in Diebold Nixdorf in the 4th quarter valued at $457,000. Schwab Charles Investment Management Inc. grew its holdings in Diebold Nixdorf by 11.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 553,736 shares of the technology company’s stock valued at $12,653,000 after buying an additional 56,957 shares in the last quarter. Kopernik Global Investors LLC grew its holdings in Diebold Nixdorf by 7,449.2% in the 4th quarter. Kopernik Global Investors LLC now owns 1,544,862 shares of the technology company’s stock valued at $25,259,000 after buying an additional 1,524,398 shares in the last quarter. Finally, BB&T Corp grew its holdings in Diebold Nixdorf by 12.2% in the 4th quarter. BB&T Corp now owns 130,756 shares of the technology company’s stock valued at $2,138,000 after buying an additional 14,196 shares in the last quarter.
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Diebold Nixdorf Company Profile
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
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