Diebold Nixdorf (NYSE:DBD) Hits New 52-Week High at $47.73

Diebold Nixdorf, Incorporated (NYSE:DBD) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.73 and last traded at $43.74, with a volume of 68821 shares trading hands. The stock had previously closed at $44.66.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DBD shares. DA Davidson upped their price target on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $50.00 price target on shares of Diebold Nixdorf in a report on Thursday, September 12th.

Diebold Nixdorf Stock Down 1.3 %

The firm has a market capitalization of $1.66 billion and a PE ratio of 7.66. The company has a fifty day moving average price of $41.50 and a 200-day moving average price of $39.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. As a group, analysts expect that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current year.

Insiders Place Their Bets

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $40.58 per share, with a total value of $46,667.00. Following the completion of the purchase, the executive vice president now owns 24,262 shares in the company, valued at approximately $984,551.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Frank Tobias Baur acquired 1,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the acquisition, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Octavio Marquez purchased 1,100 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $37.34 per share, with a total value of $41,074.00. Following the acquisition, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. The disclosure for this purchase can be found here. Insiders bought 3,650 shares of company stock valued at $141,935 over the last three months. 0.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DBD. Amalgamated Bank acquired a new stake in shares of Diebold Nixdorf during the second quarter worth $34,000. nVerses Capital LLC purchased a new position in Diebold Nixdorf during the 2nd quarter worth approximately $35,000. SG Americas Securities LLC purchased a new stake in shares of Diebold Nixdorf in the 1st quarter valued at $105,000. Summit Securities Group LLC purchased a new position in shares of Diebold Nixdorf during the second quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares during the period. 97.04% of the stock is currently owned by hedge funds and other 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.