Diebold Nixdorf (NYSE:DBD) Trading Up 4.6% – Should You Buy?

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on DBD. DA Davidson upped their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday.

Diebold Nixdorf Stock Up 4.2 %

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 stock has a market cap of $1.69 billion, a price-to-earnings ratio of -102.07 and a beta of 1.90. The firm has a 50 day simple moving average of $43.90 and a two-hundred day simple moving average of $44.18.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data 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%. As a group, sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in Diebold Nixdorf in the 3rd quarter valued at $319,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diebold Nixdorf by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock valued at $12,464,000 after purchasing an additional 4,155 shares in the last quarter. FMR LLC boosted its position in shares of Diebold Nixdorf by 381,028.6% during the third quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after buying an additional 26,672 shares during the period. MetLife Investment Management LLC boosted its position in shares of Diebold Nixdorf by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after buying an additional 8,324 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Diebold Nixdorf during the third quarter worth about $367,000. Institutional investors and hedge funds 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.