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

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $47.74 and last traded at $47.52, with a volume of 55408 shares. The stock had previously closed at $46.93.

Analyst Ratings Changes

Several research analysts recently issued reports on DBD shares. DA Davidson lifted their target price on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $50.00 target price on shares of Diebold Nixdorf in a research report on Monday. Finally, StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

Diebold Nixdorf Trading Down 13.7 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. The company’s 50-day moving average is $44.46 and its two-hundred day moving average is $41.62.

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

Insiders Place Their Bets

In other news, EVP Frank Tobias Baur acquired 1,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $40.58 per share, with a total value of $46,667.00. Following the acquisition, the executive vice president now owns 24,262 shares in the company, valued at approximately $984,551.96. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Diebold Nixdorf news, CFO Thomas S. Timko purchased 1,400 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,866,557.49. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Frank Tobias Baur acquired 1,150 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the acquisition, the executive vice president now owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 3,650 shares of company stock valued at $141,935 over the last 90 days. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new stake in shares of Diebold Nixdorf during the second quarter valued at approximately $34,000. nVerses Capital LLC purchased a new stake in Diebold Nixdorf during the 2nd quarter valued at $35,000. ClariVest Asset Management LLC grew its holdings in Diebold Nixdorf by 1.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company’s stock worth $2,496,000 after acquiring an additional 1,067 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,576 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Diebold Nixdorf during the first quarter valued at about $105,000. 97.04% of the stock is currently 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.