Diebold Nixdorf (NYSE:DBD) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.23 and traded as high as $70.25. Diebold Nixdorf shares last traded at $69.0550, with a volume of 220,222 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $80.00.

Diebold Nixdorf Price Performance

The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $67.54 and a 200 day simple moving average of $62.23. The stock has a market cap of $2.48 billion, a P/E ratio of 50.41 and a beta of 1.55.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.66 by $0.73. The business had revenue of $945.20 million during the quarter, compared to analysts’ expectations of $947.43 million. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. Sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the transaction, the insider owned 5,216,672 shares of the company’s stock, valued at $354,733,696. The trade was a 8.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC raised its position in Diebold Nixdorf by 3,621.4% during the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after acquiring an additional 507 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Diebold Nixdorf by 325.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after purchasing an additional 880 shares during the last quarter. CWM LLC raised its holdings in shares of Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares during the period. Raymond James Financial Inc. acquired a new stake in Diebold Nixdorf in the 2nd quarter valued at about $105,000. Finally, New York State Teachers Retirement System bought a new position in Diebold Nixdorf during the third quarter worth about $132,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.