Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 311.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,949 shares of the technology company’s stock after purchasing an additional 24,933 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of Diebold Nixdorf worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. 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 worth $35,000 after buying an additional 723 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf during the fourth quarter worth about $119,000. BNP Paribas Financial Markets purchased a new stake in shares of Diebold Nixdorf in the 4th quarter valued at about $132,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf in the 4th quarter valued at about $146,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Diebold Nixdorf during the fourth quarter worth approximately $250,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Down 0.6%

Shares of NYSE:DBD opened at $47.45 on Friday. Diebold Nixdorf, Incorporated has a 1 year low of $34.38 and a 1 year high of $51.81. The stock has a market capitalization of $1.77 billion, a P/E ratio of -107.84 and a beta of 1.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a 50-day simple moving average of $43.80 and a 200-day simple moving average of $44.01.

Diebold Nixdorf (NYSE:DBD) last posted 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). The company had revenue of $841.10 million for the quarter, compared to analyst estimates of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Equities analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction 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 trade represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur acquired 700 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the transaction, the executive vice president now owns 38,572 shares of the company’s stock, valued at approximately $1,778,940.64. This represents a 1.85% increase in their position. The disclosure for this purchase can be found here. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.