Diebold Nixdorf (DBD) Trading Down 8%

Diebold Nixdorf Inc (NYSE:DBD) fell 8% during trading on Monday . The stock traded as low as $9.50 and last traded at $9.72. 1,784,510 shares changed hands during trading, a decline of 19% from the average session volume of 2,212,070 shares. The stock had previously closed at $10.56.

Several research firms recently issued reports on DBD. Zacks Investment Research raised shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Monday, February 18th. ValuEngine raised shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Finally, JPMorgan Chase & Co. set a $7.00 target price on shares of Diebold Nixdorf and gave the stock a “sell” rating in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Diebold Nixdorf has an average rating of “Hold” and an average price target of $6.56.

The firm has a market capitalization of $744.48 million, a PE ratio of -9.88 and a beta of 2.82. The company has a debt-to-equity ratio of 102.95, a quick ratio of 0.89 and a current ratio of 1.29.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Tuesday, April 30th. The technology company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.28). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Diebold Nixdorf had a negative return on equity of 53.21% and a negative net margin of 13.37%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) earnings per share. On average, analysts anticipate that Diebold Nixdorf Inc will post -0.01 EPS for the current year.

In other Diebold Nixdorf news, SVP Ulrich Naher purchased 13,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was acquired at an average cost of $8.57 per share, for a total transaction of $111,410.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey L. Rutherford purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $9.12 per share, with a total value of $91,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 145,322 shares of company stock valued at $1,350,708 over the last three months. 0.92% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Diebold Nixdorf during the 1st quarter valued at approximately $28,000. Iberiabank Corp bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at approximately $29,000. Oregon Public Employees Retirement Fund bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at approximately $29,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Diebold Nixdorf by 52.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 15,652 shares of the technology company’s stock valued at $39,000 after acquiring an additional 5,356 shares during the last quarter. Institutional investors and hedge funds own 97.51% of the company’s stock.

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About Diebold Nixdorf (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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