Diebold Nixdorf, Incorporated $DBD Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,890,777 shares of the technology company’s stock after purchasing an additional 33,149 shares during the period. Vanguard Group Inc. owned approximately 5.02% of Diebold Nixdorf worth $82,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Diebold Nixdorf by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock worth $619,000 after acquiring an additional 477 shares in the last quarter. MetLife Investment Management LLC raised its position in Diebold Nixdorf by 5.8% during the fourth 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 during the period. Invesco Ltd. boosted its holdings 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 worth $529,000 after purchasing an additional 867 shares during the period. Harbor Capital Advisors Inc. grew its position in Diebold Nixdorf by 182.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company’s stock valued at $63,000 after purchasing an additional 926 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Diebold Nixdorf by 8.1% during the 4th quarter. Legal & General Group Plc now owns 13,983 shares of the technology company’s stock valued at $602,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen upgraded Diebold Nixdorf from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Wedbush upped their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, DA Davidson reiterated a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Diebold Nixdorf has a consensus rating of “Buy” and an average target price of $75.00.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock opened at $63.0210 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $57.76 and a 200-day simple moving average of $49.33. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -185.35 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $63.21.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. On average, sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a stock buyback program on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.