Envestnet Asset Management Inc. Invests $210,000 in Diebold Nixdorf, Incorporated $DBD

Envestnet Asset Management Inc. acquired a new stake in Diebold Nixdorf, Incorporated (NYSE:DBD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,795 shares of the technology company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBD. AlphaQuest LLC raised its position in Diebold Nixdorf by 3,621.4% in the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 880 shares during the last quarter. State of Wyoming acquired a new stake in Diebold Nixdorf in the first quarter valued at $54,000. CWM LLC lifted its holdings in Diebold Nixdorf by 193.3% during the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after buying an additional 870 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Diebold Nixdorf during the 2nd quarter worth about $258,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the transaction, the insider directly owned 5,968,398 shares of the company’s stock, valued at $358,581,351.84. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Diebold Nixdorf Stock Down 0.2%

DBD opened at $64.52 on Friday. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $66.28. The business has a 50 day moving average price of $59.63 and a two-hundred day moving average price of $57.34. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.31 billion, a PE ratio of -189.76 and a beta of 1.59.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The firm had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. As a group, research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DBD shares. Wedbush reissued an “outperform” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. DA Davidson reiterated a “buy” rating and issued a $80.00 price target 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 report on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Diebold Nixdorf presently has an average rating of “Buy” and an average price target of $80.00.

Diebold Nixdorf Company 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.