Diebold Nixdorf (NYSE:DBD) Trading Up 4.6% – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) shares were up 4.6% on Thursday . The stock traded as high as $45.07 and last traded at $45.11. Approximately 39,157 shares changed hands during trading, a decline of 77% from the average daily volume of 169,324 shares. The stock had previously closed at $43.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DBD shares. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson boosted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday.

Diebold Nixdorf Stock Down 3.5 %

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -98.76 and a beta of 1.90. The firm’s 50-day moving average price is $43.92 and its 200 day moving average price is $44.20.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has initiated a share buyback plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its stake in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after purchasing an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in Diebold Nixdorf during the fourth quarter worth about $82,000. Vestcor Inc acquired a new stake in Diebold Nixdorf during the 4th quarter worth approximately $119,000. BNP Paribas Financial Markets acquired a new position in shares of Diebold Nixdorf during the 4th quarter valued at $132,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the 4th quarter worth approximately $146,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

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.