Rhumbline Advisers Increases Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Rhumbline Advisers lifted its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,319 shares of the technology company’s stock after acquiring an additional 639 shares during the quarter. Rhumbline Advisers owned 0.11% of Diebold Nixdorf worth $1,735,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp grew its stake in shares of Diebold Nixdorf by 21.6% during the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after acquiring an additional 89,840 shares during the period. Geode Capital Management LLC boosted its holdings in Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock worth $32,087,000 after buying an additional 11,917 shares during the period. Royce & Associates LP purchased a new stake in Diebold Nixdorf during the 3rd quarter worth about $7,901,000. Victory Capital Management Inc. purchased a new stake in shares of Diebold Nixdorf in the third quarter worth about $319,000. Finally, FMR LLC increased its holdings in Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after acquiring an additional 26,672 shares during the period. 97.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DBD has been the topic of several research analyst reports. StockNews.com raised shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Monday. DA Davidson raised their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Down 0.3 %

DBD opened at $42.95 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $43.69 and its 200 day simple moving average is $44.00. Diebold Nixdorf, Incorporated has a 52 week low of $30.37 and a 52 week high of $51.81. The stock has a market cap of $1.61 billion, a PE ratio of -97.61 and a beta of 1.93.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

About Diebold Nixdorf

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.