Diebold Nixdorf (NYSE:DBD) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD) 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 changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DBD shares. 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 reissued an “outperform” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $80.00.

Diebold Nixdorf Stock Down 0.4%

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 50.41 and a beta of 1.55. 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 firm has a 50-day moving average price of $67.54 and a 200 day moving average price of $62.25.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results 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 during 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%. Sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a stock buyback program on Wednesday, November 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the sale, the insider owned 5,216,672 shares of the company’s stock, valued at $354,733,696. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

Large investors have recently modified their holdings of the stock. William Blair Investment Management LLC lifted its position in Diebold Nixdorf by 12.1% during the third quarter. William Blair Investment Management LLC now owns 1,819,728 shares of the technology company’s stock worth $103,779,000 after purchasing an additional 197,086 shares during the period. Dimensional Fund Advisors LP increased its holdings in Diebold Nixdorf by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 927,749 shares of the technology company’s stock valued at $52,907,000 after buying an additional 50,305 shares during the period. American Century Companies Inc. raised its position 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 buying an additional 212,790 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 acquiring an additional 330,526 shares during the period. Finally, Marshall Wace LLP boosted 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 acquiring an additional 56,332 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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.