Diebold Nixdorf (NYSE:DBD) Sets New 12-Month High – What’s Next?

Diebold Nixdorf, Incorporated (NYSE:DBD) shares reached a new 52-week high on Friday . The company traded as high as $72.53 and last traded at $71.1050, with a volume of 15910 shares traded. The stock had previously closed at $71.93.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DBD shares. Wedbush restated an “outperform” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Wall Street Zen raised shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $80.00.

Diebold Nixdorf Price Performance

The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 51.04 and a beta of 1.55. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The business’s 50 day simple moving average is $66.77 and its 200-day simple moving average is $61.92.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. The company had revenue of $945.20 million during the quarter, compared to analysts’ expectations of $947.43 million. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. On average, research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 5th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $68.00, for a total value of $34,000,000.00. Following the sale, the insider directly owned 5,216,672 shares of the company’s stock, valued at $354,733,696. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Several hedge funds have recently modified their holdings of DBD. Ritholtz Wealth Management increased its holdings in Diebold Nixdorf by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 22,426 shares of the technology company’s stock worth $1,523,000 after purchasing an additional 472 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Diebold Nixdorf by 28.6% during the fourth quarter. SG Americas Securities LLC now owns 24,981 shares of the technology company’s stock worth $1,696,000 after purchasing an additional 5,562 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in shares of Diebold Nixdorf during the fourth quarter worth about $2,416,000. JPMorgan Chase & Co. increased its stake in shares of Diebold Nixdorf by 474.3% in the third quarter. JPMorgan Chase & Co. now owns 70,699 shares of the technology company’s stock valued at $4,032,000 after buying an additional 58,388 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in Diebold Nixdorf in the 3rd quarter valued at approximately $970,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.