Diebold Nixdorf (NYSE:DBD) Hits New 52-Week High - Here's What Happened

Key Points

• Diebold Nixdorf's stock reached a new 52-week high of $61.38 before closing at $61.10, reflecting a positive trading environment for the company.
• Wall Street analysts have upgraded Diebold Nixdorf's outlook, with shares moving from a "hold" to a "strong-buy" rating and an increased price target of $70.00 from Wedbush.
• The company launched a $100 million share buyback program, indicating confidence from the board that the stock is currently undervalued.

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $61.38 and last traded at $61.10, with a volume of 111832 shares changing hands. The stock had previously closed at $59.69.

Wall Street Analyst Weigh In

A number of research firms recently commented on DBD. Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday. Wedbush upped their price target on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th.

Diebold Nixdorf Stock Up 3.3%

The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.26 billion, a P/E ratio of -181.42 and a beta of 1.68. The company's fifty day simple moving average is $55.73 and its 200 day simple moving average is $48.20.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. The company had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. Research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a share buyback program on Wednesday, August 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Diebold Nixdorf by 3.2% during the 4th quarter. JPMorgan Chase & Co. now owns 108,918 shares of the technology company's stock valued at $4,688,000 after acquiring an additional 3,395 shares during the period. Franklin Resources Inc. bought a new position in Diebold Nixdorf during the 4th quarter valued at about $520,000. Wells Fargo & Company MN lifted its stake in Diebold Nixdorf by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company's stock valued at $736,000 after acquiring an additional 3,276 shares during the period. Invesco Ltd. lifted its stake in Diebold Nixdorf by 7.6% during the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after acquiring an additional 867 shares during the period. Finally, Legal & General Group Plc lifted its stake in Diebold Nixdorf by 8.1% during the 4th quarter. Legal & General Group Plc now owns 13,983 shares of the technology company's stock valued at $602,000 after acquiring an additional 1,045 shares during the period. 97.04% of the stock is owned by institutional investors.

Diebold Nixdorf Company Profile

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.

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