Diebold Nixdorf Inc (NYSE:DBD) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 11,353,263 shares, a decrease of 19.9% from the February 15th total of 14,170,401 shares. Approximately 15.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,599,493 shares, the short-interest ratio is presently 4.4 days.
DBD has been the subject of several analyst reports. ValuEngine downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. DA Davidson raised Diebold Nixdorf from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Tuesday, January 8th. JPMorgan Chase & Co. set a $7.00 target price on Diebold Nixdorf and gave the stock a “sell” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research raised Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Monday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Diebold Nixdorf has a consensus rating of “Hold” and an average target price of $6.56.
In related news, SVP Ulrich Naher bought 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was bought at an average price of $8.57 per share, with a total value of $111,410.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen Costello bought 2,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $10.11 per share, with a total value of $25,275.00. The disclosure for this purchase can be found here. Insiders bought 90,322 shares of company stock valued at $851,258 in the last ninety days. Company insiders own 0.74% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. acquired a new stake in Diebold Nixdorf during the fourth quarter valued at approximately $25,000. Iberiabank Corp acquired a new stake in Diebold Nixdorf during the fourth quarter valued at approximately $29,000. Oregon Public Employees Retirement Fund acquired a new stake in Diebold Nixdorf during the fourth quarter valued at approximately $29,000. Public Employees Retirement System of Ohio raised its stake in Diebold Nixdorf by 52.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 15,652 shares of the technology company’s stock valued at $39,000 after buying an additional 5,356 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Diebold Nixdorf during the fourth quarter valued at approximately $53,000.
Shares of NYSE DBD opened at $11.38 on Tuesday. Diebold Nixdorf has a 1-year low of $2.41 and a 1-year high of $16.80. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 102.95. The stock has a market capitalization of $849.85 million, a PE ratio of -11.05, a P/E/G ratio of 14.95 and a beta of 2.88.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 13th. The technology company reported ($0.08) EPS for the quarter. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Diebold Nixdorf had a negative net margin of 11.92% and a negative return on equity of 53.21%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, research analysts anticipate that Diebold Nixdorf will post 0.23 EPS for the current fiscal year.
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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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