Man Group plc Has $340,000 Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Man Group plc raised its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 49.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,895 shares of the technology company’s stock after acquiring an additional 2,603 shares during the period. Man Group plc’s holdings in Diebold Nixdorf were worth $340,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in shares of Diebold Nixdorf by 821.6% in the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after purchasing an additional 723 shares during the period. Vestcor Inc bought a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $119,000. BNP Paribas Financial Markets bought a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $132,000. KLP Kapitalforvaltning AS bought a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $146,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $250,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 0.0%

DBD stock opened at $47.42 on Tuesday. The business has a fifty day moving average price of $43.95 and a 200 day moving average price of $44.02. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.38 and a fifty-two week high of $51.81. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -107.77 and a beta of 1.73. 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 (NYSE:DBD) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. The business had revenue of $841.10 million for the quarter, compared to analyst estimates of $845.95 million. Analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on DBD. DA Davidson upped their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wall Street Zen lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. CJS Securities upgraded Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, May 8th.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the 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 transaction, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frank Tobias Baur acquired 700 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Corporate 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.