Diebold Nixdorf (NYSE:DBD – Get Rating) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Separately, Wedbush reissued an "outperform" rating and issued a $5.00 price objective on shares of Diebold Nixdorf in a research note on Friday, March 17th.
Get Diebold Nixdorf alerts:Diebold Nixdorf Trading Up 2.0 %
Shares of DBD opened at $0.85 on Friday. The company has a market capitalization of $67.73 million, a PE ratio of -0.11 and a beta of 3.02. Diebold Nixdorf has a 12 month low of $0.70 and a 12 month high of $7.34. The stock's 50-day moving average price is $2.48 and its two-hundred day moving average price is $2.34.
Insider Activity
In other news, CEO Octavio Marquez bought 30,000 shares of the firm's stock in a transaction that occurred on Monday, February 13th. The stock was acquired at an average cost of $2.28 per share, with a total value of $68,400.00. Following the transaction, the chief executive officer now directly owns 351,286 shares of the company's stock, valued at approximately $800,932.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary G. Greenfield acquired 17,500 shares of the firm's stock in a transaction on Tuesday, February 14th. The stock was purchased at an average cost of $2.88 per share, with a total value of $50,400.00. Following the acquisition, the director now owns 172,419 shares of the company's stock, valued at approximately $496,566.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Octavio Marquez acquired 30,000 shares of the firm's stock in a transaction on Monday, February 13th. The shares were bought at an average cost of $2.28 per share, with a total value of $68,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 351,286 shares in the company, valued at approximately $800,932.08. The disclosure for this purchase can be found here. 4.18% of the stock is owned by company insiders.
Hedge Funds Weigh In On Diebold Nixdorf
Several institutional investors have recently modified their holdings of DBD. Swiss National Bank grew its holdings in shares of Diebold Nixdorf by 8.2% in the first quarter. Swiss National Bank now owns 176,059 shares of the technology company's stock valued at $1,185,000 after acquiring an additional 13,400 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Diebold Nixdorf by 11.4% in the first quarter. JPMorgan Chase & Co. now owns 62,934 shares of the technology company's stock valued at $423,000 after purchasing an additional 6,422 shares during the last quarter. Raymond James & Associates purchased a new position in Diebold Nixdorf in the first quarter valued at approximately $103,000. Cambridge Investment Research Advisors Inc. lifted its stake in Diebold Nixdorf by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,100 shares of the technology company's stock valued at $297,000 after purchasing an additional 8,938 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Diebold Nixdorf by 14.9% in the first quarter. MetLife Investment Management LLC now owns 28,775 shares of the technology company's stock valued at $194,000 after purchasing an additional 3,730 shares during the last quarter. 74.46% of the stock is owned by institutional investors.
Diebold Nixdorf Company Profile
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Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.
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