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

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

Analyst Ratings Changes

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

Diebold Nixdorf Trading Down 2.6 %

The company has a 50-day moving average price of $43.91 and a two-hundred day moving average price of $41.13. The stock has a market cap of $1.74 billion, a P/E ratio of 7.94 and a beta of 2.18. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last posted 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. The business had revenue of $939.70 million for the quarter, compared to analysts’ expectations of $899.30 million. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,100 shares of Diebold Nixdorf stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, the chief executive officer now owns 135,774 shares in the company, valued at $5,069,801.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Octavio Marquez purchased 1,100 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 price of $40.58 per share, with a total value of $46,667.00. Following the acquisition, the executive vice president now directly owns 24,262 shares in the company, valued at $984,551.96. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 3,650 shares of company stock worth $141,935 over the last 90 days. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Diebold Nixdorf by 4.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock worth $34,188,000 after buying an additional 31,152 shares in the last quarter. Inspire Investing LLC grew its holdings in Diebold Nixdorf by 44.3% during the 3rd quarter. Inspire Investing LLC now owns 28,960 shares of the technology company’s stock worth $1,293,000 after acquiring an additional 8,896 shares in the last quarter. SG Americas Securities LLC increased its position in Diebold Nixdorf by 56.0% during the 3rd quarter. SG Americas Securities LLC now owns 11,843 shares of the technology company’s stock valued at $529,000 after purchasing an additional 4,250 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at about $1,876,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Diebold Nixdorf by 46.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 21,381 shares of the technology company’s stock valued at $823,000 after purchasing an additional 6,812 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other 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.