Shares of Diebold Nixdorf Inc (NYSE:DBD) traded up 8.4% on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $15.85 and last traded at $15.50. 3,343,478 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 1,564,854 shares. The stock had previously closed at $14.30.

The technology company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Diebold Nixdorf had a positive return on equity of 11.39% and a negative net margin of 4.40%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, February 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, February 23rd. Diebold Nixdorf’s dividend payout ratio (DPR) is presently -21.86%.

Several equities analysts have recently weighed in on the company. Credit Suisse Group reiterated an “outperform” rating and issued a $19.00 price target (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Diebold Nixdorf from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday. Lake Street Capital upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday. KeyCorp reiterated a “hold” rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. Finally, Zacks Investment Research cut Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.80.

In other Diebold Nixdorf news, Director Gale S. Fitzgerald bought 4,000 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, December 15th. The stock was 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 directly owns 51,603 shares in the company, valued at $863,834.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC grew its position in Diebold Nixdorf by 2.3% during the second quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock worth $225,000 after buying an additional 180 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Diebold Nixdorf by 4.1% during the second quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after buying an additional 271 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Diebold Nixdorf by 2.6% during the second quarter. Ameritas Investment Partners Inc. now owns 28,877 shares of the technology company’s stock worth $809,000 after buying an additional 726 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Diebold Nixdorf by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 15,220 shares of the technology company’s stock worth $426,000 after buying an additional 1,000 shares in the last quarter. Finally, Howe & Rusling Inc. grew its position in Diebold Nixdorf by 22.3% during the third quarter. Howe & Rusling Inc. now owns 18,290 shares of the technology company’s stock worth $418,000 after buying an additional 3,341 shares in the last quarter.

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.01. The company has a market cap of $1,080.00, a PE ratio of -7.81, a P/E/G ratio of 3.48 and a beta of 2.07.

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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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