Diebold Nixdorf (NYSE:DBD) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $54.99 and traded as high as $60.03. Diebold Nixdorf shares last traded at $58.87, with a volume of 189,788 shares traded.

Analysts Set New Price Targets

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

Diebold Nixdorf Stock Down 0.5%

The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $58.50 and a 200-day moving average of $54.99. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -173.14 and a beta of 1.59.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $915.20 million for the quarter, compared to analysts’ expectations of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. On average, equities analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has authorized a stock buyback plan on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Large investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in shares of Diebold Nixdorf by 2.2% in the third quarter. Strs Ohio now owns 13,800 shares of the technology company’s stock worth $787,000 after buying an additional 300 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Diebold Nixdorf by 1.0% during the second quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock worth $1,740,000 after acquiring an additional 322 shares during the period. AlphaQuest LLC grew its holdings in Diebold Nixdorf by 65.1% during the third quarter. AlphaQuest LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 339 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diebold Nixdorf by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after acquiring an additional 631 shares during the period. Finally, CWM LLC grew its holdings in Diebold Nixdorf by 193.3% during the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 97.04% 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.