JPMorgan Chase & Co. Lowers Stake in Diebold Nixdorf, Incorporated (NYSE:DBD)

JPMorgan Chase & Co. trimmed its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 27.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 105,523 shares of the technology company’s stock after selling 40,841 shares during the period. JPMorgan Chase & Co. owned 0.28% of Diebold Nixdorf worth $4,713,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank acquired a new stake in shares of Diebold Nixdorf during the second quarter worth $34,000. XTX Topco Ltd acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter worth $275,000. Victory Capital Management Inc. acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter worth $319,000. Commonwealth Equity Services LLC purchased a new stake in shares of Diebold Nixdorf in the second quarter valued at about $303,000. Finally, Verition Fund Management LLC acquired a new position in shares of Diebold Nixdorf during the third quarter worth about $367,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $44.52 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. Diebold Nixdorf, Incorporated has a 52-week low of $29.29 and a 52-week high of $51.81. The company has a 50-day simple moving average of $44.11 and a 200-day simple moving average of $43.16. The company has a market capitalization of $1.67 billion, a PE ratio of 342.48 and a beta of 1.96.

Analyst Upgrades and Downgrades

DBD has been the topic of a number of analyst reports. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wedbush restated 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.

About Diebold Nixdorf

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.