Zacks Investment Research Upgrades Diebold Nixdorf (DBD) to “Hold”

Diebold Nixdorf (NYSE:DBD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

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. “

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DBD has been the subject of a number of other reports. JPMorgan Chase set a $21.00 price objective on shares of Diebold Nixdorf and gave the company a “buy” rating in a research report on Monday, February 12th. DA Davidson initiated coverage on shares of Diebold Nixdorf in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $19.00 price objective for the company. Lake Street Capital upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine lowered shares of Diebold Nixdorf from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $19.00 price objective (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Diebold Nixdorf presently has a consensus rating of “Hold” and a consensus target price of $20.80.

DBD opened at $15.15 on Monday. The stock has a market capitalization of $1,123.92, a PE ratio of 13.41, a price-to-earnings-growth ratio of 4.24 and a beta of 2.05. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.39 and a quick ratio of 0.98. Diebold Nixdorf has a twelve month low of $12.90 and a twelve month high of $29.80.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Diebold Nixdorf had a negative net margin of 5.06% and a positive return on equity of 14.90%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.32 earnings per share. The company’s revenue was up .5% on a year-over-year basis. equities research analysts anticipate that Diebold Nixdorf will post 1.16 EPS 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 acquired at an average cost of $16.05 per share, for a total transaction of $48,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.74% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its position in Diebold Nixdorf by 32.0% during the fourth quarter. Pzena Investment Management LLC now owns 2,440,289 shares of the technology company’s stock valued at $39,899,000 after purchasing an additional 591,091 shares during the last quarter. Wells Fargo & Company MN lifted its position in Diebold Nixdorf by 2.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,976,447 shares of the technology company’s stock valued at $32,315,000 after purchasing an additional 48,774 shares during the last quarter. Gabelli Funds LLC lifted its position in Diebold Nixdorf by 2.6% during the fourth quarter. Gabelli Funds LLC now owns 1,673,000 shares of the technology company’s stock valued at $27,354,000 after purchasing an additional 42,500 shares during the last quarter. Victory Capital Management Inc. lifted its position in Diebold Nixdorf by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,637,465 shares of the technology company’s stock valued at $26,773,000 after purchasing an additional 153,125 shares during the last quarter. Finally, Kopernik Global Investors LLC lifted its position in Diebold Nixdorf by 7,449.2% during the fourth quarter. Kopernik Global Investors LLC now owns 1,544,862 shares of the technology company’s stock valued at $25,259,000 after purchasing an additional 1,524,398 shares during the last quarter.

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About Diebold Nixdorf

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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Analyst Recommendations for Diebold Nixdorf (NYSE:DBD)

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