Diebold Nixdorf (NYSE:DBD) Reaches New 1-Year High – Here’s Why

Diebold Nixdorf, Incorporated (NYSE:DBD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.94 and last traded at $68.98, with a volume of 11457 shares trading hands. The stock had previously closed at $69.16.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DBD shares. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Wedbush restated an “outperform” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $80.00.

Diebold Nixdorf Trading Down 0.2%

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.89. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 50.37 and a beta of 1.56. The business’s 50-day moving average price is $63.83 and its two-hundred day moving average price is $60.13.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.73. The firm had revenue of $945.20 million for the quarter, compared to analyst estimates of $947.43 million. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%. Research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share buyback program on Wednesday, November 5th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Diebold Nixdorf

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new stake in Diebold Nixdorf during the 3rd quarter worth $970,000. Virtus Advisers LLC increased its holdings in Diebold Nixdorf by 320.2% in the third quarter. Virtus Advisers LLC now owns 2,332 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,777 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Diebold Nixdorf by 497.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 91,997 shares of the technology company’s stock worth $5,247,000 after buying an additional 76,593 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $659,000. Finally, Alliancebernstein L.P. increased its stake in shares of Diebold Nixdorf by 1.3% in the third quarter. Alliancebernstein L.P. now owns 28,634 shares of the technology company’s stock valued at $1,633,000 after buying an additional 355 shares during the period. Institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

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.