Diebold Nixdorf (NYSE:DBD) Reaches New 1-Year High - Time to Buy?

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $52.66 and last traded at $52.62, with a volume of 25528 shares trading hands. The stock had previously closed at $52.00.

Analyst Upgrades and Downgrades

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

Diebold Nixdorf Stock Up 1.6%

The business has a 50-day moving average price of $47.84 and a 200-day moving average price of $45.00. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -205.48 and a beta of 1.65.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $841.10 million during the quarter, compared to the consensus estimate of $845.95 million. Diebold Nixdorf had a negative net margin of 0.28% and a positive return on equity of 10.20%. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Frank Tobias Baur purchased 700 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $46.12 per share, with a total value of $32,284.00. Following the acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in shares of Diebold Nixdorf by 1.6% in the 4th 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. Bank of New York Mellon Corp raised its stake in shares of Diebold Nixdorf by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 80,544 shares of the technology company's stock worth $3,467,000 after acquiring an additional 5,583 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Diebold Nixdorf by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company's stock worth $12,123,000 after buying an additional 2,565 shares during the period. Victory Capital Management Inc. raised its holdings in Diebold Nixdorf by 80.7% in the 4th quarter. Victory Capital Management Inc. now owns 12,889 shares of the technology company's stock worth $555,000 after purchasing an additional 5,755 shares in the last quarter. Finally, Vestcor Inc bought a new stake in Diebold Nixdorf during the fourth quarter worth about $119,000. 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.