Diebold Nixdorf Sees Unusually Large Options Volume (DBD)
Diebold Nixdorf Inc (NYSE:DBD) was the target of unusually large options trading activity on Tuesday. Investors purchased 2,147 call options on the company. This represents an increase of 1,268% compared to the typical daily volume of 157 call options.
Shares of Diebold Nixdorf (NYSE:DBD) traded up $1.20 during midday trading on Wednesday, hitting $15.50. The company had a trading volume of 3,343,478 shares, compared to its average volume of 1,564,854. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00. Diebold Nixdorf has a 52-week low of $12.90 and a 52-week high of $31.85. The firm has a market capitalization of $1,080.00, a P/E ratio of -7.81, a PEG ratio of 3.48 and a beta of 2.07.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Diebold Nixdorf had a positive return on equity of 11.39% and a negative net margin of 4.40%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. research analysts expect that Diebold Nixdorf will post 1.09 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Imperial Capital set a $24.00 target price on shares of Diebold Nixdorf and gave the stock a “hold” rating in a research report on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. JPMorgan Chase & Co. lowered their target price on shares of Diebold Nixdorf from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Finally, Lake Street Capital lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating and lowered their target price for the stock from $30.00 to $23.00 in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.80.
In other Diebold Nixdorf news, Director Gale S. Fitzgerald bought 4,000 shares of the stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of $16.74 per share, for a total transaction of $66,960.00. Following the completion of the transaction, the director now owns 51,603 shares in the company, valued at approximately $863,834.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DBD. Pzena Investment Management LLC acquired a new stake in shares of Diebold Nixdorf during the third quarter worth $42,254,000. Kopernik Global Investors LLC lifted its holdings in shares of 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 worth $25,259,000 after purchasing an additional 1,524,398 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Diebold Nixdorf by 1,648.3% during the third quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock worth $14,981,000 after purchasing an additional 618,105 shares during the period. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of Diebold Nixdorf during the fourth quarter worth $9,723,000. Finally, Atlantic Investment Management Inc. lifted its holdings in shares of Diebold Nixdorf by 8.0% during the third quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock worth $148,110,000 after purchasing an additional 481,819 shares during the period.
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About Diebold Nixdorf
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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