Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 80.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,889 shares of the technology company’s stock after purchasing an additional 5,755 shares during the quarter. Victory Capital Management Inc.’s holdings in Diebold Nixdorf were worth $555,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DBD. XTX Topco Ltd acquired a new stake in Diebold Nixdorf during the 3rd quarter valued at $275,000. Ritholtz Wealth Management acquired a new stake in shares of Diebold Nixdorf during the fourth quarter valued at $303,000. Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf during the 3rd quarter worth about $367,000. SG Americas Securities LLC boosted its stake in shares of Diebold Nixdorf by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after purchasing an additional 752 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Diebold Nixdorf by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock valued at $660,000 after buying an additional 8,324 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, DA Davidson raised their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Diebold Nixdorf Price Performance

DBD opened at $42.65 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of -96.92 and a beta of 1.90. The company’s 50 day simple moving average is $43.80 and its 200 day simple moving average is $44.14. Diebold Nixdorf, Incorporated has a 1 year low of $30.37 and a 1 year high of $51.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share 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, sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has authorized a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $1,747,200. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

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.