Diebold Nixdorf, Incorporated $DBD Position Decreased by Northern Trust Corp

Northern Trust Corp decreased its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,092 shares of the technology company’s stock after selling 9,933 shares during the period. Northern Trust Corp owned approximately 0.81% of Diebold Nixdorf worth $13,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management raised its holdings in Diebold Nixdorf by 96.3% during the 1st quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company’s stock worth $604,000 after buying an additional 6,782 shares during the period. Skylands Capital LLC raised its holdings in Diebold Nixdorf by 23.3% during the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company’s stock worth $24,072,000 after buying an additional 103,975 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Diebold Nixdorf by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company’s stock worth $33,577,000 after buying an additional 23,484 shares during the period. Bank of America Corp DE raised its holdings in Diebold Nixdorf by 8.1% during the 4th quarter. Bank of America Corp DE now owns 96,106 shares of the technology company’s stock worth $4,136,000 after buying an additional 7,176 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Diebold Nixdorf by 17.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,794 shares of the technology company’s stock worth $422,000 after buying an additional 1,459 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analysts Set New Price Targets

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

Diebold Nixdorf Stock Performance

Shares of DBD stock opened at $59.83 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $63.46. The stock’s 50-day moving average is $59.27 and its two-hundred day moving average is $50.20. The firm has a market cap of $2.19 billion, a P/E ratio of -175.97 and a beta of 1.68.

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

Diebold Nixdorf announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.