Nomura Asset Management Co. Ltd. Sells 12,607 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Nomura Asset Management Co. Ltd. cut its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 31.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,275 shares of the technology company’s stock after selling 12,607 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Diebold Nixdorf were worth $1,218,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank acquired a new position in shares of Diebold Nixdorf in the second quarter valued at approximately $34,000. nVerses Capital LLC acquired a new position in Diebold Nixdorf in the 2nd quarter valued at approximately $35,000. Summit Securities Group LLC bought a new position in shares of Diebold Nixdorf during the second quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Diebold Nixdorf by 215.7% in the second 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 last quarter. Finally, XTX Topco Ltd acquired a new stake in Diebold Nixdorf in the third quarter valued at $275,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on DBD shares. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price (up from $50.00) on shares of Diebold Nixdorf in a report on Wednesday.

Diebold Nixdorf Price Performance

DBD stock opened at $48.41 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 372.38 and a beta of 1.85. The company’s fifty day simple moving average is $45.40 and its 200 day simple moving average is $42.69. Diebold Nixdorf, Incorporated has a 12-month low of $27.43 and a 12-month high of $51.81.

Diebold Nixdorf Company Profile

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.