Swiss National Bank Sells 3,600 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Swiss National Bank lessened its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,800 shares of the technology company’s stock after selling 3,600 shares during the quarter. Swiss National Bank owned about 0.07% of Diebold Nixdorf worth $1,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position 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 purchasing an additional 89,840 shares during the last quarter. Skylands Capital LLC lifted its holdings in shares of Diebold Nixdorf by 57.5% during the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after buying an additional 162,975 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Diebold Nixdorf by 1.7% in the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after acquiring an additional 11,917 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $319,000. Finally, FMR LLC increased its position in Diebold Nixdorf by 381,028.6% during the third 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. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Activity at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Diebold Nixdorf Trading Down 3.5 %

Shares of Diebold Nixdorf stock opened at $43.45 on Friday. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81. The firm has a market capitalization of $1.64 billion, a PE ratio of -98.76 and a beta of 1.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The company’s fifty day moving average price is $43.92 and its two-hundred day moving average price is $44.23.

Diebold Nixdorf (NYSE:DBD) last posted 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%. On average, analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Diebold Nixdorf 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.