Diebold Nixdorf (NYSE:DBD) Sets New 52-Week High - Here's Why

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $60.36 and last traded at $58.32, with a volume of 240632 shares. The stock had previously closed at $59.91.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DBD. CJS Securities upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st. 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, Wall Street Zen downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Diebold Nixdorf Trading Up 0.1%

The company has a market capitalization of $2.19 billion, a PE ratio of -217.95 and a beta of 1.69. The stock has a fifty day moving average of $52.20 and a two-hundred day moving average of $46.29. The company has a current ratio of 1.35, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $841.10 million for 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, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 700 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $46.12 per share, with a total value of $32,284.00. Following the completion of the purchase, the executive vice president owned 38,572 shares of the company's stock, valued at approximately $1,778,940.64. This trade represents a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of Diebold Nixdorf

Several hedge funds have recently bought and sold shares of DBD. Sterling Capital Management LLC raised its position in Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock valued at $35,000 after purchasing an additional 723 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company's stock valued at $50,000 after buying an additional 880 shares during the period. State of Wyoming purchased a new stake in shares of Diebold Nixdorf in the 1st quarter worth approximately $54,000. Harbor Capital Advisors Inc. increased its holdings in Diebold Nixdorf by 182.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after buying an additional 926 shares during the period. Finally, Virtus Investment Advisers Inc. bought a new position in Diebold Nixdorf in the fourth quarter worth approximately $82,000. 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.