Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 39.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 246,268 shares of the technology company’s stock after purchasing an additional 69,360 shares during the quarter. Royce & Associates LP’s holdings in Diebold Nixdorf were worth $10,599,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Diebold Nixdorf by 1.6% in the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after buying an additional 639 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Diebold Nixdorf by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock valued at $542,000 after acquiring an additional 752 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Diebold Nixdorf by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company’s stock worth $12,123,000 after purchasing an additional 2,565 shares in the last quarter. Vestcor Inc purchased a new stake in Diebold Nixdorf in the 4th quarter worth approximately $119,000. Finally, Jane Street Group LLC grew its stake in shares of Diebold Nixdorf by 11.6% during the 3rd quarter. Jane Street Group LLC now owns 43,501 shares of the technology company’s stock worth $1,943,000 after purchasing an additional 4,519 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now directly owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on DBD shares. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th. Finally, StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Diebold Nixdorf Trading Up 2.5 %

Shares of NYSE:DBD opened at $43.69 on Tuesday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -99.30 and a beta of 1.90. The business’s 50 day moving average price is $43.70 and its 200-day moving average price is $44.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. Diebold Nixdorf, Incorporated has a 1 year low of $30.37 and a 1 year high of $51.81.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. On average, equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Diebold Nixdorf 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.