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

Diebold Nixdorf, Incorporated (NYSE:DBD)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $72.53 and last traded at $71.1050, with a volume of 15910 shares traded. The stock had previously closed at $71.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DBD shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday, December 29th. Wedbush reissued an “outperform” rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, November 18th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $80.00.

Diebold Nixdorf Stock Down 2.9%

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.89. The stock has a fifty day moving average of $66.67 and a two-hundred day moving average of $61.83. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 50.98 and a beta of 1.55.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.73. The firm had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has initiated a share repurchase plan on Wednesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to buy up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the transaction, the insider owned 5,216,672 shares of the company’s stock, valued at $354,733,696. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diebold Nixdorf

Several large investors have recently bought and sold shares of the stock. AlphaQuest LLC grew its stake in shares of Diebold Nixdorf by 3,621.4% in the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after acquiring an additional 507 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Diebold Nixdorf by 325.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after buying an additional 880 shares in the last quarter. CWM LLC boosted its stake in shares of Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after buying an additional 870 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Diebold Nixdorf during the second quarter worth $105,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Diebold Nixdorf in the 3rd quarter worth about $132,000. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.