Share Repurchase Program Announced by Diebold Nixdorf (NYSE:DBD)

Key Points

• Diebold Nixdorf has announced a stock buyback program, intending to repurchase $100 million worth of shares, representing up to 4.8% of its outstanding stock.
• The company's stock recently traded at $59.64, experiencing a significant increase, with a 52-week range between $34.38 and $60.57.
• Analysts have varied opinions on Diebold Nixdorf, with one notably upgrading the stock to a "strong-buy" while another downgraded it to a "hold."

Diebold Nixdorf (NYSE:DBD - Get Free Report) declared that its board has authorized a stock buyback program on Wednesday, August 6th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

DBD has been the subject of several research analyst reports. Wall Street Zen cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Wedbush raised Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, July 22nd.

Diebold Nixdorf Stock Performance

Shares of DBD traded up $3.42 during mid-day trading on Wednesday, reaching $59.64. The company had a trading volume of 376,073 shares, compared to its average volume of 190,309. Diebold Nixdorf has a 52-week low of $34.38 and a 52-week high of $60.57. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.22 billion, a P/E ratio of -220.86 and a beta of 1.68. The stock has a 50 day moving average of $55.03 and a two-hundred day moving average of $47.85.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). The company had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. Diebold Nixdorf had a positive return on equity of 10.20% and a negative net margin of 0.28%. On average, analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Frank Tobias Baur bought 700 shares of Diebold Nixdorf stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $46.12 per share, with a total value of $32,284.00. Following the completion of the acquisition, the executive vice president directly owned 38,572 shares of the company's stock, valued at $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company's stock.

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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