Diebold Nixdorf (NYSE:DBD) Trading 4.6% Higher - Should You Buy?

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) shot up 4.6% on Thursday . The stock traded as high as $45.07 and last traded at $45.11. 39,157 shares were traded during trading, a decline of 77% from the average session volume of 169,324 shares. The stock had previously closed at $43.11.

Analysts Set New Price Targets

DBD has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson increased their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday.

Diebold Nixdorf Stock Up 0.4 %

The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -99.37 and a beta of 1.90. The firm's 50 day moving average price is $43.92 and its two-hundred day moving average price is $44.24. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

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Diebold Nixdorf declared that its board has approved a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares of the company's stock, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after acquiring an additional 723 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf in the 4th quarter valued at $82,000. Vestcor Inc acquired a new position in shares of Diebold Nixdorf during the 4th quarter worth $119,000. BNP Paribas Financial Markets bought a new stake in shares of Diebold Nixdorf during the 4th quarter worth $132,000. Finally, KLP Kapitalforvaltning AS bought a new position in Diebold Nixdorf in the fourth quarter valued at about $146,000. 97.04% of the stock is owned by institutional investors.

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.