333,910 Shares in Diebold Nixdorf, Incorporated (NYSE:DBD) Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 333,910 shares of the technology company’s stock, valued at approximately $12,849,000. William Blair Investment Management LLC owned about 0.89% of Diebold Nixdorf at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in Diebold Nixdorf during the 4th quarter worth approximately $6,013,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Diebold Nixdorf in the first quarter worth approximately $502,000. Swiss National Bank purchased a new position in shares of Diebold Nixdorf in the first quarter worth $765,000. Brigade Capital Management LP bought a new stake in Diebold Nixdorf during the 4th quarter valued at $1,377,000. Finally, Capital International Ltd. CA bought a new stake in Diebold Nixdorf during the 1st quarter valued at $1,142,000. 97.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Wedbush reaffirmed an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research report on Thursday, September 12th. Finally, DA Davidson boosted their target price on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $42.58 on Tuesday. Diebold Nixdorf, Incorporated has a 1-year low of $17.38 and a 1-year high of $45.15. The firm’s 50-day moving average price is $41.13 and its 200-day moving average price is $38.73. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $939.70 million for the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. As a group, equities analysts expect that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current year.

Insider Activity

In other Diebold Nixdorf news, CEO Octavio Marquez purchased 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the purchase, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Octavio Marquez acquired 1,100 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price 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 $5,069,801.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frank Tobias Baur bought 1,150 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the acquisition, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 3,650 shares of company stock worth $141,935. Corporate 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.