Diebold Nixdorf (NYSE:DBD) Sees Unusually-High Trading Volume – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) shares saw strong trading volume on Tuesday . 307,950 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 177,413 shares.The stock last traded at $66.8830 and had previously closed at $65.38.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DBD. Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 1st. Wedbush reissued an “outperform” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, DA Davidson reiterated a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $80.00.

Diebold Nixdorf Trading Up 1.2%

The business’s 50-day simple moving average is $60.67 and its 200-day simple moving average is $58.17. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 48.31 and a beta of 1.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.89.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating 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 net margin of 1.37% and a return on equity of 10.89%. Research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the transaction, the insider directly owned 5,968,398 shares in the company, valued at $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC increased its stake in shares of Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after purchasing an additional 507 shares during the last quarter. Jones Financial Companies Lllp increased its position in Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after buying an additional 880 shares during the last quarter. State of Wyoming acquired a new stake in shares of Diebold Nixdorf in the first quarter worth about $54,000. CWM LLC boosted its stake in shares of Diebold Nixdorf by 193.3% during the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after acquiring an additional 870 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Diebold Nixdorf during the 2nd quarter valued at about $105,000. 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.