Diebold Nixdorf (NYSE:DBD) Reaches New 12-Month High - Here's Why

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $52.25 and last traded at $51.86, with a volume of 117422 shares. The stock had previously closed at $51.03.

Analysts Set New Price Targets

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

Diebold Nixdorf Stock Up 0.7%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market cap of $1.92 billion, a PE ratio of -116.81 and a beta of 1.65. The company has a 50-day simple moving average of $46.06 and a 200-day simple moving average of $44.66.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its 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). The business 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 expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Insider Activity

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 700 shares of the company'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 acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently modified their holdings of DBD. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 33,149 shares in the last quarter. Glendon Capital Management LP increased its stake in shares of Diebold Nixdorf by 13.7% in the first 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 during the period. William Blair Investment Management LLC grew its holdings in 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 acquiring an additional 350,808 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 purchasing an additional 23,484 shares in the last quarter. Finally, Irenic Capital Management LP increased its holdings in Diebold Nixdorf by 13.8% in the first quarter. Irenic Capital Management LP now owns 720,658 shares of the technology company's stock valued at $31,507,000 after buying an additional 87,331 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

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.

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