Bank of New York Mellon Corp Buys New Shares in Diebold Nixdorf, Incorporated (NYSE:DBD)

Bank of New York Mellon Corp bought a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 84,286 shares of the technology company’s stock, valued at approximately $3,243,000. Bank of New York Mellon Corp owned about 0.22% of Diebold Nixdorf as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of Diebold Nixdorf by 0.5% during the 4th quarter. Capital World Investors now owns 12,246,615 shares of the technology company’s stock valued at $354,540,000 after purchasing an additional 65,342 shares during the last quarter. Vanguard Group Inc. boosted its position in Diebold Nixdorf by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock valued at $47,462,000 after buying an additional 38,248 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Diebold Nixdorf by 16.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after buying an additional 94,421 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Diebold Nixdorf during the 4th quarter valued at $6,013,000. Finally, Brigade Capital Management LP purchased a new stake in Diebold Nixdorf during the 4th quarter valued at $1,377,000. Institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

DBD has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research report on Thursday. DA Davidson increased their price target on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Diebold Nixdorf Stock Up 2.6 %

NYSE:DBD opened at $42.97 on Monday. The company has a 50-day moving average price of $41.09 and a 200-day moving average price of $38.66. Diebold Nixdorf, Incorporated has a 12 month low of $17.16 and a 12 month high of $45.15. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The firm had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $899.30 million. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current year.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 1,150 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $40.58 per share, with a total value of $46,667.00. Following the transaction, the executive vice president now directly owns 24,262 shares in the company, valued at approximately $984,551.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,100 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $37.34 per share, with a total value of $41,074.00. Following the transaction, the chief executive officer now directly owns 135,774 shares in the company, valued at approximately $5,069,801.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur purchased 1,150 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $40.58 per share, with a total value of $46,667.00. Following the completion of the transaction, the executive vice president now owns 24,262 shares in the company, valued at $984,551.96. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,650 shares of company stock valued at $141,935. Company insiders own 0.04% of the company’s stock.

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.