Diebold Nixdorf (NYSE:DBD) Sets New 52-Week High on Earnings Beat

Diebold Nixdorf, Incorporated (NYSE:DBD) reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $63.93 and last traded at $62.3150, with a volume of 133394 shares trading hands. The stock had previously closed at $56.24.

The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.61. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.

Diebold Nixdorf declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

DBD has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $70.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, October 28th. DA Davidson reaffirmed a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diebold Nixdorf in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider owned 5,968,398 shares in the company, valued at $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaQuest LLC raised its stake in Diebold Nixdorf by 3,621.4% in the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after purchasing an additional 507 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. State of Wyoming acquired a new position in Diebold Nixdorf in the first quarter valued at about $54,000. CWM LLC raised its stake in Diebold Nixdorf by 193.3% in the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Diebold Nixdorf in the second quarter valued at about $105,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Performance

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -185.61 and a beta of 1.59. The stock has a 50 day moving average of $58.37 and a 200 day moving average of $55.09. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf Company Profile

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.