Nomura Asset Management Co. Ltd. Reduces Stock Holdings in Diebold Nixdorf, Incorporated $DBD

Nomura Asset Management Co. Ltd. decreased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 73.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,431 shares of the technology company’s stock after selling 9,444 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Diebold Nixdorf were worth $190,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC grew its stake in Diebold Nixdorf by 3,621.4% during the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after acquiring an additional 507 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Diebold Nixdorf by 325.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after purchasing an additional 880 shares during the period. State of Wyoming purchased a new position in shares of Diebold Nixdorf during the 1st quarter valued at $54,000. CWM LLC increased its holdings in shares of Diebold Nixdorf by 193.3% in the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after purchasing an additional 870 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Diebold Nixdorf in the second quarter worth $210,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Trading Up 2.5%

DBD stock opened at $61.49 on Monday. The company has a market capitalization of $2.21 billion, a PE ratio of -180.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $66.28. The company’s 50 day moving average price is $59.12 and its two-hundred day moving average price is $56.88.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. The company had revenue of $945.20 million for the quarter, compared to analyst estimates of $947.43 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. As a group, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has initiated a stock repurchase program on Wednesday, August 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions 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 stock was sold at an average price of $60.08, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DBD. Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, November 18th. DA Davidson restated a “buy” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Diebold Nixdorf has an average rating of “Buy” and a consensus target price of $80.00.

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.