Diebold Nixdorf (NYSE:DBD) Sets New 12-Month High - Here's What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $51.98 and last traded at $51.09, with a volume of 7662 shares trading hands. The stock had previously closed at $51.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Wall Street Zen lowered shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, May 8th. Finally, CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st.

Diebold Nixdorf Stock Performance

The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -115.95 and a beta of 1.65. The company's 50-day simple moving average is $45.79 and its 200-day simple moving average is $44.66. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). The company had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 700 shares of the business's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at $1,778,940.64. This represents a 1.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Diebold Nixdorf by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock worth $619,000 after purchasing an additional 477 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Diebold Nixdorf by 1.6% in the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company's stock valued at $1,735,000 after buying an additional 639 shares during the period. Sterling Capital Management LLC grew its position in Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after buying an additional 723 shares in the last quarter. MetLife Investment Management LLC increased its stake in Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock valued at $673,000 after acquiring an additional 856 shares during the period. Finally, Invesco Ltd. increased its stake in Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after acquiring an additional 867 shares during the period. Institutional investors 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.