Diebold Nixdorf (NYSE:DBD) Sets New 52-Week High - What's Next?

Key Points

• Diebold Nixdorf achieved a new 52-week high of $60.57, closing at $57.96 with a trading volume of 67,616 shares.
• Wall Street analysts have mixed views, with Wedbush upgrading the stock to "strong-buy" while another firm lowered its rating to "hold."
• Insider transactions show that EVP Frank Tobias Baur recently bought shares worth over $32,000, indicating confidence in the company's future performance.

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.57 and last traded at $57.96, with a volume of 67616 shares traded. The stock had previously closed at $56.22.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of research analyst reports. Wedbush increased their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Diebold Nixdorf Stock Up 0.2%

The company has a market cap of $2.20 billion, a PE ratio of -176.74 and a beta of 1.68. The stock's 50 day moving average price is $55.49 and its 200-day moving average price is $48.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. On average, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share buyback program on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Diebold Nixdorf during the first quarter valued at approximately $10,796,000. New Vernon Capital Holdings II LLC purchased a new stake in Diebold Nixdorf in the 1st quarter worth $10,683,000. Glendon Capital Management LP increased its stake 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 worth $65,505,000 after buying an additional 180,232 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Diebold Nixdorf in the 1st quarter worth $6,715,000. Finally, Dimensional Fund Advisors LP grew its stake in Diebold Nixdorf by 32.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock valued at $27,105,000 after acquiring an additional 153,511 shares in the last quarter. Hedge funds and other 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.