Share Repurchase Plan Authorized by Diebold Nixdorf (NYSE:DBD)

Diebold Nixdorf (NYSE:DBD) declared that its board has approved a stock buyback plan on Wednesday, November 5th, RTT News reports. The company plans to repurchase $200.00 million in 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 usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DBD shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diebold Nixdorf in a research note on Wednesday, October 8th. Wedbush increased their price objective on Diebold Nixdorf from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday. DA Davidson reiterated a “buy” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Diebold Nixdorf Stock Up 3.5%

Shares of Diebold Nixdorf stock opened at $65.44 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. Diebold Nixdorf has a 12 month low of $34.88 and a 12 month high of $66.28. The stock has a market cap of $2.40 billion, a PE ratio of -192.45 and a beta of 1.59. The business has a fifty day simple moving average of $58.43 and a 200 day simple moving average of $55.22.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. The business had revenue of ($1,756.30) million for the quarter, compared to the consensus estimate of $947.43 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. Research analysts predict that Diebold Nixdorf will post 4.59 EPS for the current year.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.26% 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.