Diebold Nixdorf (NYSE:DBD) to Buyback $200.00 million in Outstanding Shares

Diebold Nixdorf (NYSE:DBD) declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th, RTT News reports. The company plans to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Diebold Nixdorf Stock Performance

Shares of DBD opened at $64.42 on Friday. The company has a 50-day simple moving average of $58.50 and a two-hundred day simple moving average of $55.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. The firm has a market capitalization of $2.36 billion, a PE ratio of -189.45 and a beta of 1.59. Diebold Nixdorf has a one year low of $34.88 and a one year high of $66.28.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.73. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The firm had revenue of ($1,756.30) million during the quarter, compared to analyst estimates of $947.43 million. On average, analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

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.