Millstreet Capital Management Sells 60,833 Shares of Diebold Nixdorf (NYSE:DBD) Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 60,833 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $84.77, for a total value of $5,156,813.41. Following the transaction, the insider owned 4,704,438 shares of the company’s stock, valued at approximately $398,795,209.26. This trade represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Millstreet Capital Management also recently made the following trade(s):

• On Wednesday, April 15th, Millstreet Capital Management sold 51,472 shares of Diebold Nixdorf stock. The stock was sold at an average price of $85.43, for a total value of $4,397,252.96.
• On Wednesday, April 8th, Millstreet Capital Management sold 399,929 shares of Diebold Nixdorf stock. The stock was sold at an average price of $82.42, for a total value of $32,962,148.18.

Diebold Nixdorf Stock Up 2.8%

NYSE DBD opened at $88.74 on Friday. The stock’s 50 day moving average is $78.22 and its 200 day moving average is $69.25. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 0.85. Diebold Nixdorf, Incorporated has a 12 month low of $39.96 and a 12 month high of $88.91. The stock has a market cap of $3.09 billion, a PE ratio of 34.26 and a beta of 1.48.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $1.29. Diebold Nixdorf had a return on equity of 16.33% and a net margin of 2.49%.The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Diebold Nixdorf has set its FY 2026 guidance at 5.250-5.750 EPS. Research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DBD. Wedbush set a $100.00 price target on Diebold Nixdorf in a report on Friday, February 13th. DA Davidson boosted their price target on Diebold Nixdorf from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings raised Diebold Nixdorf from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Trading of Diebold Nixdorf

Several hedge funds have recently modified their holdings of DBD. Arrowstreet Capital Limited Partnership raised its holdings in shares of Diebold Nixdorf by 458.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 402,603 shares of the technology company’s stock worth $22,960,000 after acquiring an additional 330,526 shares in the last quarter. LSV Asset Management raised its holdings in shares of Diebold Nixdorf by 1,072.4% during the 4th quarter. LSV Asset Management now owns 325,917 shares of the technology company’s stock worth $22,127,000 after acquiring an additional 298,117 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Diebold Nixdorf by 73.6% during the 3rd quarter. American Century Companies Inc. now owns 501,819 shares of the technology company’s stock worth $28,619,000 after acquiring an additional 212,790 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Diebold Nixdorf by 12.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,819,728 shares of the technology company’s stock worth $103,779,000 after acquiring an additional 197,086 shares in the last quarter. Finally, 325 Capital LLC purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $13,130,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Company Profile

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.