Diebold Nixdorf (NYSE:DBD) Reaches New 1-Year High - Should You Buy?

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.

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock 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 Analysts Forecast Growth

DBD has been the subject of several research reports. Wedbush increased their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen raised Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Diebold Nixdorf Stock Performance

The business has a fifty day simple moving average of $56.72 and a two-hundred day simple moving average of $48.72. The company has a market cap of $2.27 billion, a PE ratio of -182.26 and a beta of 1.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (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 firm had revenue of $915.20 million for the quarter, compared to analysts' expectations of $879.57 million. Research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ritholtz Wealth Management lifted its stake in Diebold Nixdorf by 96.3% in the 1st quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company's stock valued at $604,000 after buying an additional 6,782 shares in the last quarter. Invesco Ltd. raised its holdings in Diebold Nixdorf by 7.6% in 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 last quarter. Wells Fargo & Company MN raised its holdings in Diebold Nixdorf by 23.7% in 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 last quarter. Skylands Capital LLC raised its holdings in Diebold Nixdorf by 23.3% in the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock valued at $24,072,000 after acquiring an additional 103,975 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Diebold Nixdorf by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock valued at $33,577,000 after acquiring an additional 23,484 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other 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.