Diebold Nixdorf (DBD) Stock Price Up 6.2%

Diebold Nixdorf Inc (NYSE:DBD) rose 6.2% on Tuesday . The company traded as high as $10.17 and last traded at $10.13. Approximately 928,365 shares traded hands during trading, a decline of 57% from the average daily volume of 2,148,626 shares. The stock had previously closed at $9.54.

DBD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $7.00 price objective on Diebold Nixdorf and gave the company a “sell” rating in a research note on Thursday, February 14th. ValuEngine lowered Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Diebold Nixdorf has an average rating of “Hold” and an average price target of $6.56.

The company has a debt-to-equity ratio of 102.95, a current ratio of 1.29 and a quick ratio of 0.89. The company has a market cap of $742.94 million, a price-to-earnings ratio of -9.83 and a beta of 2.82.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.28). Diebold Nixdorf had a negative net margin of 13.37% and a negative return on equity of 53.21%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned ($0.12) EPS. Diebold Nixdorf’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts forecast that Diebold Nixdorf Inc will post -0.01 earnings per share for the current year.

In other news, SVP Olaf Robert Heyden bought 21,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $9.03 per share, for a total transaction of $189,630.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ulrich Naher bought 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was purchased at an average price of $8.57 per share, with a total value of $111,410.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 145,322 shares of company stock valued at $1,350,708. Insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Diebold Nixdorf in the 1st quarter worth approximately $647,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Diebold Nixdorf by 21.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,696 shares of the technology company’s stock worth $61,000 after acquiring an additional 995 shares in the last quarter. Morgan Stanley grew its position in shares of Diebold Nixdorf by 44.0% in the 1st quarter. Morgan Stanley now owns 251,308 shares of the technology company’s stock worth $2,782,000 after acquiring an additional 76,848 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of Diebold Nixdorf in the 1st quarter worth approximately $2,835,000. Finally, Ellington Management Group LLC acquired a new position in shares of Diebold Nixdorf in the 1st quarter worth approximately $182,000. Institutional investors own 97.51% of the company’s stock.

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Diebold Nixdorf Company Profile (NYSE:DBD)

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 through two segments, Banking and Retail. The Banking segment 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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