Price T Rowe Associates Inc. MD Increases Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Price T Rowe Associates Inc. MD raised its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,794 shares of the technology company’s stock after purchasing an additional 1,459 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Diebold Nixdorf were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after acquiring an additional 723 shares during the period. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at approximately $119,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at approximately $250,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at approximately $303,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 700 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the acquisition, the executive vice president now owns 38,572 shares of the company’s stock, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on DBD. DA Davidson lifted their price target 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. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, May 8th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, CJS Securities upgraded Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st.

Diebold Nixdorf Trading Up 0.3%

Shares of Diebold Nixdorf stock opened at $48.91 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. Diebold Nixdorf, Incorporated has a 1 year low of $34.38 and a 1 year high of $51.81. The company has a market capitalization of $1.82 billion, a P/E ratio of -111.16 and a beta of 1.73. The business has a 50 day moving average price of $43.01 and a 200 day moving average price of $43.91.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.48). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. The company had revenue of $841.10 million for the quarter, compared to analyst estimates of $845.95 million. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

About Diebold Nixdorf

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.