Y Intercept Hong Kong Ltd Buys New Holdings in Diebold Nixdorf, Incorporated $DBD

Y Intercept Hong Kong Ltd purchased a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,249 shares of the technology company’s stock, valued at approximately $927,000.

A number of other hedge funds also recently made changes to their positions in DBD. AlphaQuest LLC increased its holdings in shares of Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after acquiring an additional 507 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 880 shares during the last quarter. CWM LLC raised its position in shares of Diebold Nixdorf by 193.3% in the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Diebold Nixdorf during the 2nd quarter worth about $105,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Diebold Nixdorf during the 3rd quarter worth about $132,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Trading Down 0.4%

Shares of Diebold Nixdorf stock opened at $69.06 on Monday. The stock has a market capitalization of $2.48 billion, a PE ratio of 50.41 and a beta of 1.55. The stock has a 50 day moving average price of $67.54 and a two-hundred day moving average price of $62.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $72.53.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data 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 net margin of 1.37% and a return on equity of 10.89%. The firm had revenue of $945.20 million for the quarter, compared to analyst estimates of $947.43 million. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

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

Insider Activity at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. 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. 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 report on Saturday, October 11th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $80.00.

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.