Diebold Nixdorf (NYSE:DBD) Stock Gets Price Target Cut from Wedbush

Diebold Nixdorf (NYSE:DBD) had its price target decreased by Wedbush from $100.00 to $90.00 in a research note released on Thursday,Benzinga reports. Wedbush currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of Diebold Nixdorf from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $100.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Diebold Nixdorf Price Performance

Shares of DBD opened at $55.10 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 1.27. The stock has a 50 day simple moving average of $65.18 and a 200 day simple moving average of $74.91. Diebold Nixdorf has a 52-week low of $52.87 and a 52-week high of $92.08. The firm has a market capitalization of $1.85 billion, a PE ratio of 25.75 and a beta of 1.19.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $990.90 million during the quarter, compared to analysts’ expectations of $971.70 million. Diebold Nixdorf had a return on equity of 21.53% and a net margin of 1.96%. Sell-side analysts predict that Diebold Nixdorf will post 4.66 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has approved a share buyback program on Wednesday, October 28th that allows the company to buy back $250 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 12.7% of its shares through open market purchases. Share repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DBD. Bank of New York Mellon Corp bought a new stake in Diebold Nixdorf during the second quarter worth about $14,740,000. Dimensional Fund Advisors LP boosted its position in Diebold Nixdorf by 16.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,148,962 shares of the technology company’s stock valued at $86,672,000 after purchasing an additional 165,324 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Diebold Nixdorf during the second quarter valued at approximately $10,857,000. Janus Henderson Group PLC boosted its position in Diebold Nixdorf by 1,815.0% during the first quarter. Janus Henderson Group PLC now owns 126,387 shares of the technology company’s stock valued at $9,535,000 after purchasing an additional 119,787 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Diebold Nixdorf by 20.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 519,201 shares of the technology company’s stock valued at $39,169,000 after purchasing an additional 88,534 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.