Diebold Nixdorf (NYSE:DBD) Stock Passes Above 200-Day Moving Average – What’s Next?

Diebold Nixdorf, Incorporated (NYSE:DBD) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.23 and traded as high as $70.25. Diebold Nixdorf shares last traded at $69.0550, with a volume of 220,222 shares trading hands.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Wedbush reiterated an “outperform” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note 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 company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $80.00.

Diebold Nixdorf Trading Down 0.4%

The firm has a market cap of $2.48 billion, a P/E ratio of 50.41 and a beta of 1.55. The business’s 50-day moving average is $67.54 and its two-hundred day moving average is $62.23. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly 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. The business had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%. As a group, analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has approved a share repurchase plan on Wednesday, November 5th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 500,000 shares of the business’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 completion of the sale, the insider owned 5,216,672 shares of the company’s stock, valued at $354,733,696. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

A number of institutional investors have recently added to or reduced their stakes in DBD. William Blair Investment Management LLC boosted its holdings in Diebold Nixdorf by 12.1% in the third quarter. William Blair Investment Management LLC now owns 1,819,728 shares of the technology company’s stock valued at $103,779,000 after acquiring an additional 197,086 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Diebold Nixdorf by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 927,749 shares of the technology company’s stock valued at $52,907,000 after purchasing an additional 50,305 shares during the period. American Century Companies Inc. boosted its stake in shares of Diebold Nixdorf by 73.6% in the 3rd quarter. American Century Companies Inc. now owns 501,819 shares of the technology company’s stock valued at $28,619,000 after purchasing an additional 212,790 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Diebold Nixdorf by 458.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 402,603 shares of the technology company’s stock worth $22,960,000 after buying an additional 330,526 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Diebold Nixdorf by 35.3% during the 3rd quarter. Marshall Wace LLP now owns 215,964 shares of the technology company’s stock worth $12,316,000 after buying an additional 56,332 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

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.