Diebold Nixdorf (NYSE:DBD) Sees Large Volume Increase – Still a Buy?

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD) saw strong trading volume on Tuesday . 307,950 shares traded hands during 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DBD. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday. DA Davidson reiterated a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Finally, Wedbush restated an “outperform” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $80.00.

Diebold Nixdorf Stock Performance

The stock’s 50 day moving average price is $61.25 and its 200 day moving average price is $58.43. The company has a market capitalization of $2.43 billion, a P/E ratio of 49.38 and a beta of 1.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.36.

Diebold Nixdorf (NYSE:DBD) last issued 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 for the quarter, compared to analysts’ expectations of $947.43 million. As a group, equities analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has approved a share repurchase program on Wednesday, November 5th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the transaction, the insider owned 5,968,398 shares of the company’s stock, valued at $358,581,351.84. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Diebold Nixdorf in the second quarter worth approximately $1,823,000. American Century Companies Inc. raised its position in Diebold Nixdorf by 364.5% in the 2nd quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock valued at $16,012,000 after buying an additional 226,810 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Diebold Nixdorf during the 2nd quarter valued at $210,000. Teacher Retirement System of Texas purchased a new position in Diebold Nixdorf during the 2nd quarter worth $1,308,000. Finally, Inspire Investing LLC grew its stake in shares of Diebold Nixdorf by 199.3% in the 2nd quarter. Inspire Investing LLC now owns 23,462 shares of the technology company’s stock worth $1,300,000 after acquiring an additional 15,622 shares in the last quarter. 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.