Fmr LLC Increases Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Fmr LLC raised its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 381,028.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,679 shares of the technology company’s stock after purchasing an additional 26,672 shares during the period. Fmr LLC owned approximately 0.07% of Diebold Nixdorf worth $1,191,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new stake in Diebold Nixdorf in the 2nd quarter worth approximately $12,849,000. Dimensional Fund Advisors LP increased its holdings in Diebold Nixdorf by 89.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 198,177 shares during the period. Royce & Associates LP bought a new position in shares of Diebold Nixdorf during the third quarter valued at approximately $7,901,000. Renaissance Technologies LLC raised its holdings in Diebold Nixdorf by 233.4% in the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock worth $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Diebold Nixdorf in the 2nd quarter worth about $3,243,000. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Price Performance

DBD stock opened at $47.76 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.45. The firm has a 50 day moving average price of $45.40 and a 200-day moving average price of $42.69. Diebold Nixdorf, Incorporated has a 52-week low of $27.43 and a 52-week high of $51.81. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 374.69 and a beta of 1.85.

Analysts Set New Price Targets

A number of research firms recently issued reports on DBD. Wedbush reissued an “outperform” rating and issued a $60.00 price target (up from $50.00) on shares of Diebold Nixdorf in a research note on Wednesday, December 11th. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.

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.