Vanguard Group Inc. Sells 29,370 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Vanguard Group Inc. cut its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,857,628 shares of the technology company’s stock after selling 29,370 shares during the period. Vanguard Group Inc. owned about 4.94% of Diebold Nixdorf worth $79,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers grew its stake in Diebold Nixdorf by 1.6% in the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock valued at $1,735,000 after purchasing an additional 639 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Diebold Nixdorf by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after buying an additional 752 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 valued at $12,123,000 after buying an additional 2,565 shares during the period. Vestcor Inc purchased a new stake in Diebold Nixdorf during the fourth quarter worth about $119,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Diebold Nixdorf in the fourth quarter worth about $146,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DBD shares. DA Davidson raised their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. CJS Securities raised Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred 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 in the company, 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 is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Diebold Nixdorf Stock Performance

Shares of DBD stock opened at $40.50 on Friday. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81. The stock has a market capitalization of $1.52 billion, a P/E ratio of -92.04 and a beta of 1.73. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $43.18 and its 200 day moving average is $44.03.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has authorized a stock repurchase program 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 programs are usually an indication that the company’s board believes its stock is undervalued.

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.