Diebold Nixdorf (DBD) Debt Trading 2.3% Lower

An issue of Diebold Nixdorf Inc (NYSE:DBD) debt fell 2.3% against its face value during trading on Friday. The high-yield debt issue has a 8.5% coupon and will mature on April 15, 2024. The debt is now trading at $54.75 and was trading at $77.75 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Diebold Nixdorf from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine raised Diebold Nixdorf from a “strong sell” rating to a “sell” rating in a research report on Thursday. DA Davidson reduced their price objective on Diebold Nixdorf from $16.50 to $14.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 price target on shares of Diebold Nixdorf in a research report on Wednesday, May 2nd. Finally, Credit Suisse Group reduced their price target on Diebold Nixdorf from $15.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.80.

Shares of NYSE DBD traded down $0.80 during trading hours on Friday, reaching $3.95. 14,578,020 shares of the stock were exchanged, compared to its average volume of 2,982,102. The firm has a market cap of $361.45 million, a P/E ratio of 3.50, a price-to-earnings-growth ratio of 6.21 and a beta of 2.04. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 6.96. Diebold Nixdorf Inc has a 52 week low of $3.55 and a 52 week high of $23.50.



Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, August 1st. The technology company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Diebold Nixdorf had a positive return on equity of 10.58% and a negative net margin of 7.77%. Diebold Nixdorf’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. analysts forecast that Diebold Nixdorf Inc will post -0.04 EPS for the current year.

In other news, Director Gale S. Fitzgerald bought 3,000 shares of the stock in a transaction dated Thursday, May 24th. The shares were bought at an average price of $11.59 per share, for a total transaction of $34,770.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of DBD. Deutsche Bank AG lifted its position in Diebold Nixdorf by 6.3% during the fourth quarter. Deutsche Bank AG now owns 223,635 shares of the technology company’s stock valued at $3,655,000 after acquiring an additional 13,244 shares during the last quarter. Millennium Management LLC acquired a new position in Diebold Nixdorf during the 4th quarter valued at approximately $1,481,000. Wedge Capital Management L L P NC acquired a new position in Diebold Nixdorf during the 1st quarter valued at approximately $421,000. Lapides Asset Management LLC increased its stake in Diebold Nixdorf by 35.6% during the 1st quarter. Lapides Asset Management LLC now owns 945,600 shares of the technology company’s stock valued at $14,562,000 after purchasing an additional 248,300 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Diebold Nixdorf by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,644,410 shares of the technology company’s stock valued at $25,324,000 after purchasing an additional 6,945 shares in the last quarter.

Diebold Nixdorf Company Profile

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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