Corebridge Financial Inc. Sells 949 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Corebridge Financial Inc. trimmed its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,566 shares of the technology company’s stock after selling 949 shares during the period. Corebridge Financial Inc.’s holdings in Diebold Nixdorf were worth $541,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DBD. William Blair Investment Management LLC boosted its holdings in 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 valued at $54,780,000 after acquiring an additional 350,808 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares during the last quarter. State Street Corp grew its position in shares of 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 buying an additional 89,840 shares during the period. Skylands Capital LLC raised its stake in shares of Diebold Nixdorf by 57.5% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Diebold Nixdorf by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company’s stock valued at $12,123,000 after buying an additional 2,565 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DBD has been the subject of several recent research reports. CJS Securities upgraded shares of Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st. DA Davidson upped their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Price Performance

DBD opened at $37.35 on Tuesday. The stock has a market cap of $1.41 billion, a P/E ratio of -84.90 and a beta of 1.73. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81. 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 company has a fifty day simple moving average of $43.52 and a 200 day simple moving average of $44.18.

Diebold Nixdorf (NYSE:DBD) last announced 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%. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding 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 generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated 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 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

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.