Diebold Nixdorf, Incorporated (NYSE:DBD) is Glendon Capital Management LP’s 6th Largest Position

Glendon Capital Management LP boosted its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,318,050 shares of the technology company’s stock after purchasing an additional 60,000 shares during the period. Diebold Nixdorf comprises approximately 3.5% of Glendon Capital Management LP’s portfolio, making the stock its 6th largest position. Glendon Capital Management LP owned 3.51% of Diebold Nixdorf worth $56,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DBD. Charles Schwab Investment Management Inc. increased its position in shares of Diebold Nixdorf by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock valued at $12,464,000 after purchasing an additional 4,155 shares during the last quarter. FMR LLC raised its holdings in Diebold Nixdorf by 381,028.6% during the third quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after purchasing an additional 26,672 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Diebold Nixdorf by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after buying an additional 8,324 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Diebold Nixdorf in the 3rd quarter valued at $367,000. Finally, State Street Corp raised its stake in Diebold Nixdorf by 21.6% during the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after acquiring an additional 89,840 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, March 27th.

Insider Activity at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s 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 completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at $1,747,200. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $44.79 on Thursday. The firm has a market cap of $1.69 billion, a P/E ratio of -101.80 and a beta of 1.90. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81. The business’s 50-day moving average price is $43.87 and its 200 day moving average price is $44.27. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99.

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

Diebold Nixdorf announced that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.