Diebold Nixdorf (NYSE:DBD) to Buyback $100.00 million in Shares

Diebold Nixdorf (NYSE:DBD) declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 6th, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $59.64 on Thursday. The company has a market cap of $2.22 billion, a P/E ratio of -220.86 and a beta of 1.68. The business has a 50-day moving average price of $55.03 and a two-hundred day moving average price of $47.85. The company has a current ratio of 1.35, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. Diebold Nixdorf has a 1-year low of $34.38 and a 1-year high of $60.57.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.28% and a positive return on equity of 10.20%. The company had revenue of $841.10 million during the quarter, compared to the consensus estimate of $845.95 million. As a group, analysts anticipate that Diebold Nixdorf will post 4.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Wedbush upgraded Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, July 22nd.

Insider Activity

In other news, EVP Frank Tobias Baur purchased 700 shares of the business’s stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the acquisition, the executive vice president owned 38,572 shares in the company, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

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.