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

Diebold Nixdorf, Incorporated (NYSE:DBD) shares reached a new 52-week high on Tuesday . The stock traded as high as $70.35 and last traded at $70.2780, with a volume of 378412 shares changing hands. The stock had previously closed at $68.66.

Wall Street Analyst Weigh In

DBD has been the subject of several recent research reports. Wedbush restated an “outperform” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, November 18th. Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $80.00.

Diebold Nixdorf Stock Up 2.4%

The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2.52 billion, a PE ratio of 51.30 and a beta of 1.55. The stock’s fifty day simple moving average is $65.66 and its 200-day simple moving average is $61.18.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. The company had revenue of $945.20 million for the quarter, compared to analyst estimates of $947.43 million. As a group, sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has approved a stock buyback program on Wednesday, November 5th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Diebold Nixdorf by 28.6% during the fourth quarter. SG Americas Securities LLC now owns 24,981 shares of the technology company’s stock worth $1,696,000 after acquiring an additional 5,562 shares during the period. Oliver Luxxe Assets LLC bought a new position in Diebold Nixdorf in the 4th quarter valued at $2,416,000. JPMorgan Chase & Co. increased its position in shares of Diebold Nixdorf by 474.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,699 shares of the technology company’s stock valued at $4,032,000 after purchasing an additional 58,388 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter valued at $970,000. Finally, Virtus Advisers LLC raised its stake in shares of Diebold Nixdorf by 320.2% during the 3rd quarter. Virtus Advisers LLC now owns 2,332 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,777 shares during the period. 97.04% of the stock is 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.