O Shaughnessy Asset Management LLC Purchases 45,567 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

O Shaughnessy Asset Management LLC grew its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 852.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,913 shares of the technology company’s stock after acquiring an additional 45,567 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Diebold Nixdorf were worth $2,191,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vestcor Inc bought a new stake in Diebold Nixdorf during the 4th quarter worth about $119,000. KLP Kapitalforvaltning AS bought a new stake in shares of Diebold Nixdorf during the fourth quarter valued at approximately $146,000. XTX Topco Ltd bought a new stake in shares of Diebold Nixdorf during the third quarter valued at approximately $275,000. Ritholtz Wealth Management bought a new position in Diebold Nixdorf in the 4th quarter worth approximately $303,000. Finally, Verition Fund Management LLC acquired a new position in Diebold Nixdorf during the 3rd quarter worth $367,000. 97.04% of the stock is owned by institutional investors.

Insider Transactions at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Diebold Nixdorf Trading Down 4.8 %

NYSE DBD opened at $38.13 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81. The company has a market capitalization of $1.43 billion, a PE ratio of -86.66 and a beta of 1.73. The stock has a 50-day simple moving average of $43.64 and a 200 day simple moving average of $44.21.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. Research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

DBD has been the subject of several research reports. DA Davidson lifted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, CJS Securities raised shares of Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday.

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.