Diebold Nixdorf (NYSE:DBD) Sets New 52-Week High – Still a Buy?

Shares of Diebold Nixdorf, Incorporated (NYSE:DBD) hit 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 Analyst Weigh In

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

Diebold Nixdorf Stock Down 2.9%

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 company has a market capitalization of $2.51 billion, a PE ratio of 50.98 and a beta of 1.55. The stock has a 50-day moving average of $66.67 and a 200 day moving average of $61.83.

Diebold Nixdorf (NYSE:DBD) last announced 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. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%.The company had revenue of $945.20 million during the quarter, compared to analyst estimates of $947.43 million. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

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

Insiders Place Their Bets

In other news, major shareholder Millstreet Capital Management sold 500,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 5,216,672 shares in the company, valued at $354,733,696. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaQuest LLC boosted its holdings in shares of 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in Diebold Nixdorf by 325.9% during the 1st 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 during the period. CWM LLC increased its holdings in 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 acquiring an additional 870 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Diebold Nixdorf during the 2nd quarter valued at $105,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Diebold Nixdorf during the third quarter worth about $132,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

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.