Diebold Nixdorf (NYSE:DBD) Shares Up 4.6% – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) shares were up 4.6% during mid-day trading on Thursday . The stock traded as high as $45.07 and last traded at $45.11. Approximately 39,157 shares were traded during trading, a decline of 77% from the average daily volume of 169,324 shares. The stock had previously closed at $43.11.

Analysts Set New Price Targets

A number of research firms recently weighed in on DBD. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, DA Davidson boosted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th.

Diebold Nixdorf Price Performance

The stock has a 50-day moving average of $43.90 and a two-hundred day moving average of $44.18. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -102.07 and a beta of 1.90. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. On average, analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings in Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after acquiring an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf in the fourth quarter valued at approximately $82,000. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf in the fourth quarter valued at approximately $119,000. BNP Paribas Financial Markets acquired a new position in Diebold Nixdorf during the 4th quarter worth $132,000. Finally, KLP Kapitalforvaltning AS bought a new position in Diebold Nixdorf in the 4th quarter valued at $146,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company 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.