Diebold Nixdorf (NYSE:DBD) Sets New 1-Year High - Here's Why

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on DBD. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Wall Street Zen downgraded shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Wedbush restated an "outperform" rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday, May 8th. Finally, DA Davidson increased their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, February 27th.

Diebold Nixdorf Trading Down 0.4%

The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -115.94 and a beta of 1.65. The firm has a 50-day moving average price of $45.04 and a 200 day moving average price of $44.54.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). The business had revenue of $841.10 million during the quarter, compared to analyst estimates of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. As a group, sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, EVP Frank Tobias Baur purchased 700 shares of Diebold Nixdorf stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $46.12 per share, with a total value of $32,284.00. Following the completion of the acquisition, the executive vice president now owns 38,572 shares in the company, valued at $1,778,940.64. The trade was a 1.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Institutional Trading of Diebold Nixdorf

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Diebold Nixdorf by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,890,777 shares of the technology company's stock valued at $82,665,000 after purchasing an additional 33,149 shares during the period. Glendon Capital Management LP increased its position in Diebold Nixdorf by 13.7% in the 1st quarter. Glendon Capital Management LP now owns 1,498,282 shares of the technology company's stock valued at $65,505,000 after acquiring an additional 180,232 shares during the period. William Blair Investment Management LLC increased its position in Diebold Nixdorf by 38.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock valued at $54,780,000 after acquiring an additional 350,808 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Diebold Nixdorf by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock valued at $33,577,000 after acquiring an additional 23,484 shares in the last quarter. Finally, Irenic Capital Management LP boosted its position in Diebold Nixdorf by 13.8% during the 1st quarter. Irenic Capital Management LP now owns 720,658 shares of the technology company's stock worth $31,507,000 after acquiring an additional 87,331 shares during the period. 97.04% of the stock is currently owned by 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.