Diebold Nixdorf (NYSE:DBD) Hits New 52-Week High – Here’s What Happened

Diebold Nixdorf, Incorporated (NYSE:DBD)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.31 and last traded at $66.34, with a volume of 66939 shares traded. The stock had previously closed at $65.62.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DBD shares. Wall Street Zen raised shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. Finally, DA Davidson reiterated a “buy” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $80.00.

Diebold Nixdorf Trading Up 0.9%

The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $60.31 and its two-hundred day moving average is $57.80. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 47.63 and a beta of 1.56.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. The company had revenue of $945.20 million during the quarter, compared to analyst estimates of $947.43 million. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the completion of the transaction, the insider owned 5,968,398 shares of the company’s stock, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Diebold Nixdorf

A number of institutional investors and hedge funds have recently bought and sold shares of DBD. AlphaQuest LLC increased its stake in Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after buying an additional 507 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after acquiring an additional 880 shares in the last quarter. State of Wyoming acquired a new position in shares of Diebold Nixdorf during the first quarter valued at approximately $54,000. CWM LLC raised its holdings in Diebold Nixdorf by 193.3% during the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after purchasing an additional 870 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Diebold Nixdorf in the second quarter worth approximately $105,000. 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.