Nomura Asset Management Co. Ltd. Has $877,000 Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Nomura Asset Management Co. Ltd. cut its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,375 shares of the technology company’s stock after selling 6,900 shares during the period. Nomura Asset Management Co. Ltd. owned 0.05% of Diebold Nixdorf worth $877,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers grew its position in Diebold Nixdorf by 1.6% during the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after acquiring an additional 639 shares during the last quarter. SG Americas Securities LLC boosted its stake 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 worth $542,000 after purchasing an additional 752 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Diebold Nixdorf by 0.9% during the fourth 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 during the last quarter. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf in the fourth quarter valued at $119,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Diebold Nixdorf by 3.2% in the fourth quarter. JPMorgan Chase & Co. now owns 108,918 shares of the technology company’s stock valued at $4,688,000 after buying an additional 3,395 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Up 1.6 %

Shares of NYSE:DBD opened at $44.79 on Thursday. The company has a 50 day moving average of $43.87 and a 200-day moving average of $44.27. Diebold Nixdorf, Incorporated has a one year low of $30.37 and a one year high of $51.81. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -101.80 and a beta of 1.90. 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 (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DBD has been the subject of several research reports. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. DA Davidson upped their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

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.