Teacher Retirement System of Texas Sells 65,872 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Teacher Retirement System of Texas trimmed its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 77.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,490 shares of the technology company’s stock after selling 65,872 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Diebold Nixdorf worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vestcor Inc bought a new position in shares of Diebold Nixdorf in the fourth quarter worth about $119,000. XTX Topco Ltd bought a new position in Diebold Nixdorf in the 3rd quarter worth approximately $275,000. Ritholtz Wealth Management acquired a new position in Diebold Nixdorf during the 4th quarter worth $303,000. Victory Capital Management Inc. bought a new position in Diebold Nixdorf in the 3rd quarter valued at $319,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at $367,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Diebold Nixdorf Stock Down 3.5 %

NYSE:DBD opened at $43.45 on Friday. The stock’s fifty day simple moving average is $43.92 and its 200-day simple moving average is $44.23. The firm has a market capitalization of $1.64 billion, a P/E ratio of -98.76 and a beta of 1.90. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month high of $51.81.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results 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 positive return on equity of 14.28% and a negative net margin of 0.44%. Equities research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has authorized a stock buyback program on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.