25,354 Shares in Diebold Nixdorf, Incorporated $DBD Bought by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC bought a new stake in Diebold Nixdorf, Incorporated (NYSE:DBD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,354 shares of the technology company’s stock, valued at approximately $1,446,000. Diebold Nixdorf makes up about 0.9% of Anderson Financial Strategies LLC’s investment portfolio, making the stock its 26th largest holding. Anderson Financial Strategies LLC owned about 0.07% of Diebold Nixdorf as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Diebold Nixdorf by 364.5% in the 2nd quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock valued at $16,012,000 after acquiring an additional 226,810 shares in the last quarter. William Blair Investment Management LLC boosted its position in Diebold Nixdorf by 9.5% during the second quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock valued at $89,894,000 after purchasing an additional 140,290 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Diebold Nixdorf in the second quarter valued at approximately $3,993,000. Marshall Wace LLP increased its position in shares of Diebold Nixdorf by 75.2% during the 2nd quarter. Marshall Wace LLP now owns 159,632 shares of the technology company’s stock worth $8,844,000 after purchasing an additional 68,503 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Diebold Nixdorf by 308.8% during the 2nd quarter. Invesco Ltd. now owns 73,503 shares of the technology company’s stock worth $4,072,000 after purchasing an additional 55,525 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DBD. Wedbush reissued an “outperform” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. One equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $80.00.

Diebold Nixdorf Trading Down 0.2%

Shares of DBD stock opened at $70.95 on Wednesday. Diebold Nixdorf, Incorporated has a 12-month low of $34.88 and a 12-month high of $72.53. The company has a market capitalization of $2.54 billion, a PE ratio of 51.79 and a beta of 1.55. The firm has a 50 day moving average price of $67.83 and a two-hundred day moving average price of $62.45. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $947.43 million. As a group, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 5th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $68.00, for a total value of $34,000,000.00. Following the transaction, the insider directly owned 5,216,672 shares in the company, valued at approximately $354,733,696. This represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

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.