Brant Point Investment Management LLC Lowers Stock Holdings in Diebold Nixdorf, Incorporated $DBD

Brant Point Investment Management LLC reduced its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,753 shares of the technology company’s stock after selling 28,855 shares during the period. Diebold Nixdorf accounts for 0.6% of Brant Point Investment Management LLC’s holdings, making the stock its 29th biggest holding. Brant Point Investment Management LLC owned about 0.26% of Diebold Nixdorf worth $5,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DBD. AlphaQuest LLC boosted its holdings 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 purchasing an additional 507 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Diebold Nixdorf by 325.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after buying an additional 880 shares during the period. State of Wyoming purchased a new stake in shares of Diebold Nixdorf in the 1st quarter worth $54,000. CWM LLC grew its position in shares of 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 in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Diebold Nixdorf during the second quarter valued at $210,000. Institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Wedbush reiterated an “outperform” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday, December 1st. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $80.00.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction dated Thursday, September 18th. The stock was 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. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Diebold Nixdorf Trading Up 0.9%

NYSE:DBD opened at $65.26 on Monday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 47.63 and a beta of 1.56. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $67.00. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $60.49 and a 200 day moving average of $58.05.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%.The business had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. As a group, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.