Federated Hermes Inc. Cuts Stock Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Federated Hermes Inc. trimmed its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD – Get Rating) by 34.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,017,850 shares of the technology company’s stock after selling 541,892 shares during the period. Federated Hermes Inc. owned about 1.29% of Diebold Nixdorf worth $2,484,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Diebold Nixdorf by 1.4% during the third quarter. BlackRock Inc. now owns 11,191,898 shares of the technology company’s stock valued at $27,309,000 after buying an additional 149,296 shares during the period. Vanguard Group Inc. boosted its position in Diebold Nixdorf by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,868,080 shares of the technology company’s stock valued at $52,953,000 after buying an additional 487,338 shares during the period. Gamco Investors INC. ET AL boosted its position in Diebold Nixdorf by 3.8% during the first quarter. Gamco Investors INC. ET AL now owns 4,124,104 shares of the technology company’s stock valued at $27,755,000 after buying an additional 149,200 shares during the period. State Street Corp boosted its position in Diebold Nixdorf by 6.2% during the second quarter. State Street Corp now owns 2,589,252 shares of the technology company’s stock valued at $5,878,000 after buying an additional 150,333 shares during the period. Finally, Ancora Advisors LLC boosted its position in Diebold Nixdorf by 4.4% during the first quarter. Ancora Advisors LLC now owns 1,599,793 shares of the technology company’s stock valued at $22,605,000 after buying an additional 66,927 shares during the period. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Octavio Marquez acquired 30,000 shares of the stock in a transaction dated Monday, February 13th. The stock was purchased at an average cost of $2.28 per share, with a total value of $68,400.00. Following the completion of the purchase, the chief executive officer now owns 351,286 shares in the company, valued at approximately $800,932.08. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Octavio Marquez purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was bought at an average cost of $2.28 per share, with a total value of $68,400.00. Following the completion of the purchase, the chief executive officer now directly owns 351,286 shares in the company, valued at $800,932.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary G. Greenfield purchased 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was bought at an average cost of $2.88 per share, with a total value of $50,400.00. Following the completion of the purchase, the director now owns 172,419 shares of the company’s stock, valued at $496,566.72. The disclosure for this purchase can be found here. Insiders own 4.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Wednesday, March 1st.

Diebold Nixdorf Trading Down 9.9 %

Shares of NYSE:DBD opened at $2.72 on Friday. The company has a market cap of $215.10 million, a price-to-earnings ratio of -0.37 and a beta of 3.02. The company has a 50-day moving average price of $2.48 and a 200-day moving average price of $2.46. Diebold Nixdorf, Incorporated has a 12 month low of $1.26 and a 12 month high of $7.62.

Diebold Nixdorf Company Profile

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Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.