What’s Ahead for Diebold Nixdorf, Incorporated (DBD) After Forming Wedge Down Pattern?

July 27, 2018 - By Carolyn Hewitt

Investors sentiment increased to 1.35 in 2018 Q1. Its up 0.24, from 1.11 in 2017Q4. It is positive, as 14 investors sold Diebold Nixdorf, Incorporated shares while 58 reduced holdings. 22 funds opened positions while 75 raised stakes. 80.28 million shares or 0.53% less from 80.71 million shares in 2017Q4 were reported.
Swiss Comml Bank reported 0% stake. Fifth Third National Bank accumulated 0% or 1,100 shares. State Street Corp has 0% invested in Diebold Nixdorf, Incorporated (NYSE:DBD) for 2.50M shares. Two Sigma Limited Liability Corporation has 17,360 shares for 0% of their portfolio. Cim Inv Mangement Inc invested in 0.21% or 39,901 shares. Hilltop holds 0.03% of its portfolio in Diebold Nixdorf, Incorporated (NYSE:DBD) for 10,936 shares. Cubist Systematic Strategies Ltd Limited Liability Company invested in 22,120 shares or 0.02% of the stock. Virtu Finance Ltd owns 11,651 shares or 0.01% of their US portfolio. Oregon Public Employees Retirement Fund invested in 0.01% or 28,319 shares. Voya Invest Ltd Liability Corp owns 33,146 shares for 0% of their portfolio. Tradewinds Cap Management Ltd Liability Co holds 0% or 129 shares in its portfolio. Oppenheimer Asset Management invested in 0.06% or 156,291 shares. Hanson Doremus Investment Management has 0% invested in Diebold Nixdorf, Incorporated (NYSE:DBD). Atlantic Ltd Limited Liability Company holds 4,000 shares or 0% of its portfolio. 380,983 are held by Raymond James And.

Since February 28, 2018, it had 5 insider buys, and 0 sales for $596,037 activity. Shares for $48,150 were bought by Chapman Christopher A. on Wednesday, February 28. On Tuesday, May 8 the insider Schmid Gerrard bought $118,500. ALLENDER PATRICK W bought $296,683 worth of Diebold Nixdorf, Incorporated (NYSE:DBD) on Monday, May 7.

The stock of Diebold Nixdorf, Incorporated (DBD) formed a down wedge with $10.57 target or 3.00 % below today’s $10.90 share price. The 6 months wedge indicates high risk for the $827.94 million company. If the $10.57 price target is reached, the company will be worth $24.84M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.46% or $0.05 during the last trading session, reaching $10.9. About 1.72M shares traded. Diebold Nixdorf, Incorporated (NYSE:DBD) has declined 55.78% since July 27, 2017 and is downtrending. It has underperformed by 68.35% the S&P500.

Analysts await Diebold Nixdorf, Incorporated (NYSE:DBD) to report earnings on August, 1 before the open. They expect $0.01 EPS, down 87.50 % or $0.07 from last year’s $0.08 per share. DBD’s profit will be $759,580 for 272.50 P/E if the $0.01 EPS becomes a reality. After $-0.12 actual EPS reported by Diebold Nixdorf, Incorporated for the previous quarter, Wall Street now forecasts -108.33 % EPS growth.

Diebold Nixdorf, Incorporated (NYSE:DBD) Ratings Coverage

Among 4 analysts covering Diebold Nixdorf (NYSE:DBD), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Diebold Nixdorf had 7 analyst reports since February 7, 2018 according to SRatingsIntel. On Wednesday, February 14 the stock rating was maintained by Credit Suisse with “Outperform”. J.P. Morgan downgraded the shares of DBD in report on Wednesday, May 2 to “Hold” rating. On Monday, February 12 the stock rating was maintained by JP Morgan with “Overweight”. DA Davidson maintained Diebold Nixdorf, Incorporated (NYSE:DBD) rating on Thursday, May 3. DA Davidson has “Neutral” rating and $14 target. The stock of Diebold Nixdorf, Incorporated (NYSE:DBD) earned “Neutral” rating by JP Morgan on Wednesday, May 2. As per Friday, May 4, the company rating was downgraded by Credit Suisse.

Another recent and important Diebold Nixdorf, Incorporated (NYSE:DBD) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Torchmark, Cerus, American Equity Investment Life Holding, Southern Copper …” on June 28, 2018.

Diebold Nixdorf, Incorporated provides connected commerce services, software, and technology for financial, commercial, and industrial customers. The company has market cap of $827.94 million. The firm operates in four divisions: North America; Asia Pacific; Europe, Middle East and Africa; and Latin America. It currently has negative earnings. It offers financial self-service solutions and technologies, including automated teller machine outsourcing, ATM security, deposit automation, recycling and payment terminals, and software.

Diebold Nixdorf, Incorporated (NYSE:DBD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.