UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Diebold Nixdorf, Incorporated (NYSE:DBD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,335 shares of the technology company’s stock after acquiring an additional 3,639 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Diebold Nixdorf worth $875,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Diebold Nixdorf by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock valued at $619,000 after buying an additional 477 shares in the last quarter. Rhumbline Advisers lifted its stake in Diebold Nixdorf by 1.6% in the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock valued at $1,735,000 after buying an additional 639 shares in the last quarter. Sterling Capital Management LLC lifted its stake in 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 buying an additional 723 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Diebold Nixdorf by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company’s stock valued at $673,000 after buying an additional 856 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Diebold Nixdorf by 7.6% in the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company’s stock valued at $529,000 after buying an additional 867 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wedbush reaffirmed 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 lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. DA Davidson raised their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, CJS Securities raised shares of Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday, April 1st.

Diebold Nixdorf Trading Down 0.4%

DBD opened at $51.01 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The company’s 50 day simple moving average is $45.26 and its two-hundred day simple moving average is $44.59. Diebold Nixdorf, Incorporated has a 1-year low of $34.38 and a 1-year high of $51.98. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -115.94 and a beta of 1.65.

Diebold Nixdorf (NYSE:DBD) last released its 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 positive return on equity of 14.28% and a negative net margin of 0.44%. The business had revenue of $841.10 million during the quarter, compared to analysts’ expectations of $845.95 million. Analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its board has approved a stock buyback plan on Wednesday, February 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Frank Tobias Baur purchased 700 shares of Diebold Nixdorf stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $46.12 per share, with a total value of $32,284.00. Following the transaction, the executive vice president now owns 38,572 shares in the company, valued at $1,778,940.64. This represents a 1.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.