Diebold Nixdorf, Incorporated (NYSE:DBD) Director Sells $87,360.00 in Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction on Friday, February 28th. The shares were 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. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Diebold Nixdorf Trading Down 0.3 %

Shares of DBD stock opened at $42.95 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $44.00. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month high of $51.81. The firm has a market cap of $1.61 billion, a P/E ratio of -97.61 and a beta of 1.93.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly 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 positive return on equity of 14.28% and a negative net margin of 0.44%. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DBD. StockNews.com raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Monday. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, February 13th. Finally, DA Davidson lifted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Institutional Investors Weigh In On Diebold Nixdorf

Hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its holdings in shares of Diebold Nixdorf by 38.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock worth $54,780,000 after buying an additional 350,808 shares during the period. Royce & Associates LP purchased a new position in shares of Diebold Nixdorf in the third quarter worth about $7,901,000. Skylands Capital LLC increased its holdings in shares of Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after buying an additional 162,975 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Diebold Nixdorf by 32.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company’s stock worth $27,105,000 after buying an additional 153,511 shares during the period. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Diebold Nixdorf by 2,379.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company’s stock worth $5,159,000 after buying an additional 115,033 shares during the period. Institutional investors own 97.04% of the company’s stock.

About Diebold Nixdorf

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.