Diebold Nixdorf (NYSE:DBD) Major Shareholder Millstreet Capital Management Sells 500,000 Shares of Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 500,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the insider directly owned 5,216,672 shares of the company’s stock, valued at $354,733,696. This trade represents a 8.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Diebold Nixdorf Stock Performance

DBD stock opened at $68.63 on Wednesday. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $72.29. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.46 billion, a PE ratio of 50.10 and a beta of 1.55. The business’s 50-day moving average price is $66.45 and its two-hundred day moving average price is $61.71.

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

Diebold Nixdorf announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Diebold Nixdorf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 purchasing an additional 507 shares during the period. Jones Financial Companies Lllp grew its stake in Diebold Nixdorf by 325.9% in the 1st 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. CWM LLC raised its holdings in Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after acquiring an additional 870 shares during the period. Raymond James Financial Inc. bought a new position in Diebold Nixdorf in the 2nd quarter valued at about $105,000. Finally, New York State Teachers Retirement System acquired a new stake in Diebold Nixdorf during the third quarter worth approximately $132,000. 97.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $80.00.

About Diebold Nixdorf

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.