Diebold Nixdorf, Incorporated $DBD Shares Purchased by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 199.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,462 shares of the technology company’s stock after acquiring an additional 15,622 shares during the quarter. Inspire Investing LLC owned 0.06% of Diebold Nixdorf worth $1,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of Diebold Nixdorf in the second quarter worth $383,000. Strs Ohio acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $647,000. Jones Financial Companies Lllp increased its stake in shares of Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after acquiring an additional 880 shares during the period. New Vernon Capital Holdings II LLC acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $10,683,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diebold Nixdorf by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Down 6.4%

Shares of NYSE DBD opened at $54.94 on Friday. The company’s 50-day simple moving average is $59.43 and its 200-day simple moving average is $52.99. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -161.58 and a beta of 1.59. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The company had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. Equities analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock buyback program on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on DBD shares. Wedbush raised their price target on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Diebold Nixdorf in a research report on Wednesday. Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, DA Davidson restated a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Buying and Selling at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the transaction, the insider directly owned 5,968,398 shares of the company’s stock, valued at approximately $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

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.