Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 715,290 shares of the technology company’s stock after selling 2,999 shares during the quarter. Geode Capital Management LLC owned approximately 1.90% of Diebold Nixdorf worth $30,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth $520,000. O Shaughnessy Asset Management LLC raised its stake in Diebold Nixdorf by 852.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 50,913 shares of the technology company’s stock valued at $2,191,000 after buying an additional 45,567 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in 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 purchasing an additional 115,033 shares during the period. JPMorgan Chase & Co. raised its stake in Diebold Nixdorf by 3.2% during the fourth quarter. JPMorgan Chase & Co. now owns 108,918 shares of the technology company’s stock worth $4,688,000 after acquiring an additional 3,395 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Diebold Nixdorf during the 4th quarter valued at approximately $146,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Stock Down 1.9 %

DBD stock opened at $42.10 on Thursday. The firm has a market cap of $1.58 billion, a PE ratio of -95.68 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 debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $43.05 and a 200 day simple moving average of $43.99.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (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%. Equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has approved a stock buyback program on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Diebold Nixdorf Company 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.