Diebold Nixdorf (NYSE:DBD) Reaches New 52-Week High - Should You Buy?

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $59.92 and last traded at $59.52, with a volume of 76044 shares trading hands. The stock had previously closed at $59.00.

Analysts Set New Price Targets

A number of research firms recently issued reports on DBD. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Diebold Nixdorf Stock Performance

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.91. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -219.70 and a beta of 1.69. The stock has a 50 day simple moving average of $50.18 and a two-hundred day simple moving average of $45.55.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.28% and a positive return on equity of 10.20%. The business had revenue of $841.10 million during the quarter, compared to analyst estimates of $845.95 million. As a group, analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Insiders Place Their Bets

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 700 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the purchase, the executive vice president directly owned 38,572 shares in the company, valued at approximately $1,778,940.64. This represents a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Diebold Nixdorf

A number of hedge funds and other institutional investors have recently made changes to their positions in DBD. William Blair Investment Management LLC increased its position in shares of Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock worth $54,780,000 after purchasing an additional 350,808 shares in the last quarter. Nuveen LLC purchased a new stake in Diebold Nixdorf in the 1st quarter valued at approximately $10,796,000. New Vernon Capital Holdings II LLC purchased a new stake in Diebold Nixdorf in the 1st quarter valued at approximately $10,683,000. Glendon Capital Management LP boosted its stake in shares of Diebold Nixdorf by 13.7% during the 1st quarter. Glendon Capital Management LP now owns 1,498,282 shares of the technology company's stock worth $65,505,000 after acquiring an additional 180,232 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Diebold Nixdorf during the 1st quarter worth approximately $6,715,000. Institutional investors and hedge funds own 97.04% of the company's stock.

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.