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

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) shares hit 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 trading hands. The stock had previously closed at $56.22.

Wall Street Analyst Weigh In

DBD has been the topic of a number of research analyst reports. Wedbush boosted their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday. Wall Street Zen lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Diebold Nixdorf Stock Performance

The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The stock's 50 day moving average is $55.25 and its 200 day moving average is $47.95. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -177.45 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The business had revenue of $915.20 million during the quarter, compared to analysts' expectations of $879.57 million. 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 approved a share repurchase plan on Wednesday, August 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Diebold Nixdorf in the fourth quarter valued at $146,000. JPMorgan Chase & Co. lifted its holdings in Diebold Nixdorf by 3.2% in the 4th quarter. JPMorgan Chase & Co. now owns 108,918 shares of the technology company's stock valued at $4,688,000 after purchasing an additional 3,395 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Diebold Nixdorf during the 4th quarter worth about $520,000. Wells Fargo & Company MN boosted its stake in shares of Diebold Nixdorf by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company's stock worth $736,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Diebold Nixdorf during the fourth quarter worth about $250,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

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.