Ritholtz Wealth Management Has $604,000 Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Ritholtz Wealth Management increased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 96.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,821 shares of the technology company’s stock after buying an additional 6,782 shares during the period. Ritholtz Wealth Management’s holdings in Diebold Nixdorf were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Diebold Nixdorf by 1.6% in the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after acquiring an additional 639 shares in the last quarter. Skylands Capital LLC boosted its position in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after purchasing an additional 162,975 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Diebold Nixdorf by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 80,544 shares of the technology company’s stock worth $3,467,000 after purchasing an additional 5,583 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Diebold Nixdorf by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company’s stock worth $12,123,000 after purchasing an additional 2,565 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Diebold Nixdorf by 80.7% in the fourth quarter. Victory Capital Management Inc. now owns 12,889 shares of the technology company’s stock worth $555,000 after purchasing an additional 5,755 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Price Performance

Shares of NYSE:DBD opened at $51.83 on Thursday. Diebold Nixdorf, Incorporated has a twelve month low of $34.38 and a twelve month high of $52.30. The stock’s 50 day moving average is $46.76 and its 200-day moving average is $44.80. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -191.96 and a beta of 1.65.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.28% and a positive return on equity of 10.20%. The business had revenue of $841.10 million for the quarter, compared to the consensus estimate of $845.95 million. Sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DBD shares. Wall Street Zen cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, May 9th. CJS Securities raised shares of Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday, April 1st. DA Davidson raised their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, May 8th.

Insider Activity

In related news, EVP Frank Tobias Baur purchased 700 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the acquisition, the executive vice president now owns 38,572 shares of the company’s stock, valued at $1,778,940.64. This represents a 1.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.