State Street Corp Increases Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

State Street Corp grew its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 21.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,002 shares of the technology company’s stock after purchasing an additional 89,840 shares during the period. State Street Corp owned approximately 1.34% of Diebold Nixdorf worth $22,553,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Amalgamated Bank bought a new position in Diebold Nixdorf during the second quarter valued at approximately $34,000. nVerses Capital LLC bought a new position in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $35,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,576 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Diebold Nixdorf in the third quarter worth $319,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Diebold Nixdorf during the second quarter valued at $303,000. 97.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DBD. Wedbush reiterated an “outperform” rating and set a $60.00 price objective (up previously from $50.00) on shares of Diebold Nixdorf in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $43.86 on Monday. The company has a market cap of $1.65 billion, a P/E ratio of 337.41 and a beta of 1.85. The business’s 50 day moving average price is $45.47 and its 200-day moving average price is $42.76. Diebold Nixdorf, Incorporated has a fifty-two week low of $27.51 and a fifty-two week high of $51.81. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.45.

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.