Renaissance Technologies LLC Has $9.61 Million Stock Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Renaissance Technologies LLC grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 233.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,700 shares of the technology company’s stock after buying an additional 174,800 shares during the quarter. Renaissance Technologies LLC owned 0.66% of Diebold Nixdorf worth $9,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. bought a new position in shares of Diebold Nixdorf during the fourth quarter valued at about $6,013,000. Capital World Investors lifted its position 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 worth $354,540,000 after buying an additional 65,342 shares in the last quarter. Brigade Capital Management LP purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth approximately $1,377,000. Cannon Global Investment Management LLC bought a new position in shares of Diebold Nixdorf in the first quarter valued at approximately $276,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock worth $23,520,000 after acquiring an additional 94,421 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DBD shares. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Diebold Nixdorf in a 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.

Insider Activity

In related news, CEO Octavio Marquez bought 1,100 shares of the company’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 acquisition, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Octavio Marquez purchased 1,100 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $37.34 per share, with a total value of $41,074.00. Following the acquisition, 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 legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas S. Timko acquired 1,400 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $38.71 per share, with a total value of $54,194.00. Following the completion of the purchase, the chief financial officer now owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,650 shares of company stock valued at $141,935. 0.04% of the stock is currently owned by insiders.

Diebold Nixdorf Stock Down 0.5 %

Shares of NYSE DBD opened at $43.97 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average of $41.45 and a 200-day moving average of $39.10. The firm has a market capitalization of $1.65 billion and a price-to-earnings ratio of 7.54. Diebold Nixdorf, Incorporated has a 12 month low of $17.38 and a 12 month high of $45.15.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The business 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%. Sell-side analysts expect that Diebold Nixdorf, Incorporated will post 5.3 earnings per share for the current fiscal year.

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.