Diebold Nixdorf (NYSE:DBD) Reaches New 52-Week High – Still a Buy?

Diebold Nixdorf, Incorporated (NYSE:DBD) shares hit a new 52-week high on Wednesday . The company traded as high as $48.00 and last traded at $48.00, with a volume of 106 shares changing hands. The stock had previously closed at $47.29.

Wall Street Analyst Weigh In

DBD has been the subject of a number of research analyst reports. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research report on Thursday, September 12th. Finally, DA Davidson boosted their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Diebold Nixdorf Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average price is $43.91 and its two-hundred day moving average price is $41.13. The stock has a market capitalization of $1.74 billion, a PE ratio of 7.94 and a beta of 2.18.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The company had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $899.30 million. As a group, equities research analysts forecast that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insiders Place Their Bets

In other Diebold Nixdorf news, CFO Thomas S. Timko acquired 1,400 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the completion of the transaction, the chief financial officer now directly owns 48,219 shares of the company’s stock, valued at $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Thomas S. Timko bought 1,400 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $38.71 per share, for a total transaction of $54,194.00. Following the completion of the transaction, the chief financial officer now directly owns 48,219 shares in the company, valued at $1,866,557.49. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frank Tobias Baur purchased 1,150 shares of Diebold Nixdorf stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of $40.58 per share, with a total value of $46,667.00. Following the transaction, the executive vice president now owns 24,262 shares in the company, valued at approximately $984,551.96. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,650 shares of company stock worth $141,935. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

Several large investors have recently made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in Diebold Nixdorf during the 2nd quarter worth $12,849,000. Dimensional Fund Advisors LP boosted its position in Diebold Nixdorf by 89.9% during the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock worth $16,103,000 after acquiring an additional 198,177 shares during the last quarter. Renaissance Technologies LLC grew its stake in Diebold Nixdorf by 233.4% during the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after acquiring an additional 174,800 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Diebold Nixdorf by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after acquiring an additional 94,421 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Diebold Nixdorf in the 2nd quarter worth approximately $3,243,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

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.