23,618 Shares in Diebold Nixdorf, Incorporated $DBD Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Diebold Nixdorf, Incorporated (NYSE:DBD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,618 shares of the technology company’s stock, valued at approximately $1,308,000. Teacher Retirement System of Texas owned approximately 0.06% of Diebold Nixdorf at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its position in shares of Diebold Nixdorf by 3,621.4% in the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after buying an additional 507 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 worth $50,000 after acquiring an additional 880 shares in the last quarter. State of Wyoming acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $54,000. CWM LLC boosted its stake in shares of Diebold Nixdorf by 193.3% in the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Diebold Nixdorf in the second quarter valued at $210,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Ratings Changes

DBD has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $70.00 price objective on shares of Diebold Nixdorf in a research note on Tuesday, October 28th. DA Davidson reissued a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Diebold Nixdorf in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Diebold Nixdorf has an average rating of “Moderate Buy” and an average price target of $75.00.

Diebold Nixdorf Price Performance

Shares of DBD opened at $63.00 on Thursday. The firm has a market cap of $2.31 billion, a PE ratio of -185.30 and a beta of 1.59. The firm’s 50 day moving average price is $58.37 and its 200 day moving average price is $55.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a twelve month low of $34.88 and a twelve month high of $63.93.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data 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 negative net margin of 0.35% and a positive return on equity of 7.92%. The business had revenue of $915.20 million for the quarter, compared to the consensus estimate of $879.57 million. As a group, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the firm’s stock in a transaction 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 sale, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.