Wells Fargo & Company MN Acquires 3,276 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Wells Fargo & Company MN boosted its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,092 shares of the technology company’s stock after purchasing an additional 3,276 shares during the period. Wells Fargo & Company MN’s holdings in Diebold Nixdorf were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DBD. Vestcor Inc acquired a new stake in Diebold Nixdorf in the 4th quarter valued at $119,000. KLP Kapitalforvaltning AS bought a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $146,000. Ritholtz Wealth Management acquired a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $303,000. Intech Investment Management LLC bought a new position in shares of Diebold Nixdorf in the fourth quarter valued at $455,000. Finally, Franklin Resources Inc. acquired a new position in Diebold Nixdorf during the fourth quarter worth $520,000. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Trading Up 2.4 %

Shares of DBD stock opened at $45.39 on Friday. Diebold Nixdorf, Incorporated has a 12-month low of $32.00 and a 12-month high of $51.81. The firm has a 50 day moving average price of $42.54 and a two-hundred day moving average price of $43.89. 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 market capitalization of $1.71 billion, a PE ratio of -103.15 and a beta of 1.73.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data 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 negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson lifted their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. CJS Securities raised Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st. StockNews.com upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Insider Buying and Selling at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s 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 completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.