Diebold Nixdorf, Incorporated $DBD Shares Purchased by Cwm LLC

Cwm LLC boosted its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 193.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,320 shares of the technology company’s stock after purchasing an additional 870 shares during the quarter. Cwm LLC’s holdings in Diebold Nixdorf were worth $73,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Diebold Nixdorf by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after buying an additional 631 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. State of Wyoming acquired a new stake in shares of Diebold Nixdorf in the first quarter valued at approximately $54,000. Invesco Ltd. increased its stake in shares of Diebold Nixdorf by 46.2% during the 1st quarter. Invesco Ltd. now owns 17,978 shares of the technology company’s stock worth $786,000 after purchasing an additional 5,681 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Diebold Nixdorf during the 1st quarter worth approximately $264,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Transactions at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DBD. Weiss Ratings reissued a “sell (d+)” rating on shares of Diebold Nixdorf in a research report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Wedbush reissued an “outperform” rating and issued a $70.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock opened at $58.87 on Tuesday. The stock has a fifty day moving average price of $58.50 and a 200 day moving average price of $54.99. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $63.46. The firm has a market capitalization of $2.16 billion, a P/E ratio of -173.14 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly 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). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The business had revenue of $915.20 million during the quarter, compared to analysts’ expectations of $879.57 million. Equities research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership 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.