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

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $47.74 and last traded at $47.52, with a volume of 55408 shares changing hands. The stock had previously closed at $46.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. DA Davidson raised their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, August 9th. StockNews.com cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Finally, Wedbush reaffirmed an "outperform" rating and set a $50.00 target price on shares of Diebold Nixdorf in a research report on Monday.

Diebold Nixdorf Stock Performance

The company has a 50 day simple moving average of $44.33 and a 200-day simple moving average of $41.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $939.70 million for the quarter, compared to analysts' expectations of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. Research analysts anticipate that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In related news, CFO Thomas S. Timko bought 1,400 shares of the company's stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $38.71 per share, with a total value of $54,194.00. Following the transaction, the chief financial officer now owns 48,219 shares in the company, valued at approximately $1,866,557.49. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Diebold Nixdorf news, CFO Thomas S. Timko acquired 1,400 shares of the business's stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $38.71 per share, for a total transaction of $54,194.00. Following the completion of the acquisition, the chief financial officer now owns 48,219 shares in the company, valued at $1,866,557.49. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frank Tobias Baur purchased 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, for a total transaction of $46,667.00. Following the acquisition, the executive vice president now owns 24,262 shares of the company's stock, valued at approximately $984,551.96. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,650 shares of company stock worth $141,935 over the last ninety days. Insiders own 0.04% of the company's stock.

Institutional Trading of Diebold Nixdorf

A number of hedge funds and other institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in shares of Diebold Nixdorf in the 2nd quarter worth $12,849,000. Dimensional Fund Advisors LP increased its position in shares of Diebold Nixdorf by 89.9% during the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company's stock worth $16,103,000 after acquiring an additional 198,177 shares during the period. Renaissance Technologies LLC grew its stake in Diebold Nixdorf by 233.4% in the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company's stock worth $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Diebold Nixdorf during the 2nd quarter worth $3,243,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Diebold Nixdorf by 7.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company's stock worth $28,258,000 after buying an additional 51,423 shares in the last quarter. 97.04% of the stock is 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.