Diebold Nixdorf (NYSE:DBD) Issues Quarterly Earnings Results, Beats Estimates By $0.73 EPS

Diebold Nixdorf (NYSE:DBD) posted its quarterly earnings data on Wednesday. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73, Zacks reports. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The firm had revenue of ($1,756.30) million during the quarter, compared to the consensus estimate of $947.43 million.

Diebold Nixdorf Trading Up 3.5%

Shares of NYSE DBD traded up $2.20 during mid-day trading on Thursday, reaching $65.44. 348,897 shares of the company’s stock were exchanged, compared to its average volume of 177,386. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -192.45 and a beta of 1.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf has a 52-week low of $34.88 and a 52-week high of $66.28. The company’s 50-day moving average is $58.37 and its 200-day moving average is $55.14.

Insider Buying and Selling at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the completion of the transaction, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in Diebold Nixdorf by 75.2% during the 2nd quarter. Marshall Wace LLP now owns 159,632 shares of the technology company’s stock worth $8,844,000 after acquiring an additional 68,503 shares in the last quarter. Jane Street Group LLC raised its position in Diebold Nixdorf by 78.9% in the 2nd quarter. Jane Street Group LLC now owns 74,935 shares of the technology company’s stock valued at $4,151,000 after purchasing an additional 33,044 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Diebold Nixdorf in the 2nd quarter valued at about $3,993,000. Lazard Asset Management LLC raised its position in Diebold Nixdorf by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 322 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Diebold Nixdorf by 42.2% in the 2nd quarter. Legal & General Group Plc now owns 18,633 shares of the technology company’s stock valued at $1,032,000 after purchasing an additional 5,534 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf declared that its board has authorized a share repurchase program on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

DBD has been the subject of several recent research reports. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. DA Davidson restated a “buy” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Diebold Nixdorf in a report on Wednesday, October 8th. Finally, Wedbush upped their target price on Diebold Nixdorf from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.