Diebold Nixdorf (NYSE:DBD) Reaches New 12-Month High – What’s Next?

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share 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 traded. The stock had previously closed at $69.16.

Wall Street Analyst Weigh In

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

Diebold Nixdorf Price Performance

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

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. The business had revenue of $945.20 million during the quarter, compared to analyst estimates of $947.43 million. As a group, research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 5th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Strs Ohio lifted its stake in Diebold Nixdorf by 2.2% during the 3rd quarter. Strs Ohio now owns 13,800 shares of the technology company’s stock valued at $787,000 after acquiring an additional 300 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Diebold Nixdorf by 1.0% in the second quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 322 shares during the last quarter. AlphaQuest LLC boosted its holdings in Diebold Nixdorf by 65.1% during the third quarter. AlphaQuest LLC now owns 860 shares of the technology company’s stock worth $49,000 after purchasing an additional 339 shares during the last quarter. Alliancebernstein L.P. grew its position in Diebold Nixdorf by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 28,634 shares of the technology company’s stock worth $1,633,000 after purchasing an additional 355 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Diebold Nixdorf by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Company Profile

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.