Deutsche Bank AG Sells 21,907 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Deutsche Bank AG trimmed its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 28.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 54,705 shares of the technology company’s stock after selling 21,907 shares during the period. Deutsche Bank AG owned 0.15% of Diebold Nixdorf worth $2,355,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Skylands Capital LLC boosted its position in Diebold Nixdorf by 57.5% during the 4th 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 period. Franklin Resources Inc. bought a new position in shares of Diebold Nixdorf during the fourth quarter valued at $520,000. Invesco Ltd. raised its stake in shares of Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company’s stock valued at $529,000 after acquiring an additional 867 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $860,000. Finally, Wells Fargo & Company MN grew its stake in shares of Diebold Nixdorf by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company’s stock worth $736,000 after purchasing an additional 3,276 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DBD shares. DA Davidson raised 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. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday, May 8th. Wall Street Zen downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, CJS Securities raised Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday, April 1st.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $47.45 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of -107.84 and a beta of 1.73. Diebold Nixdorf, Incorporated has a 52 week low of $34.38 and a 52 week high of $51.81. The stock has a 50 day moving average price of $43.80 and a two-hundred day moving average price of $44.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results 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 the consensus estimate of $845.95 million. Equities 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 initiated a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 700 shares of Diebold Nixdorf stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $46.12 per share, with a total value of $32,284.00. Following the completion of the acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction on 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 directly owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76% decrease in their position. The disclosure for this sale can be found here. Company 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.