Royce & Associates LP Acquires 69,360 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Royce & Associates LP increased its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 39.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 246,268 shares of the technology company’s stock after acquiring an additional 69,360 shares during the period. Royce & Associates LP owned about 0.66% of Diebold Nixdorf worth $10,599,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Rhumbline Advisers increased its stake in Diebold Nixdorf by 1.6% in the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 639 shares during the period. SG Americas Securities LLC increased its stake in Diebold Nixdorf by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after buying an additional 752 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Diebold Nixdorf by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company’s stock valued at $12,123,000 after buying an additional 2,565 shares in the last quarter. Vestcor Inc bought a new position in Diebold Nixdorf in the 4th quarter worth about $119,000. Finally, Jane Street Group LLC grew its stake in Diebold Nixdorf by 11.6% in the 3rd quarter. Jane Street Group LLC now owns 43,501 shares of the technology company’s stock worth $1,943,000 after acquiring an additional 4,519 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by insiders.

Diebold Nixdorf Price Performance

NYSE DBD opened at $43.69 on Tuesday. The company has a market cap of $1.64 billion, a PE ratio of -99.30 and a beta of 1.90. The firm’s 50 day moving average price is $43.70 and its 200-day moving average price is $44.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. DA Davidson upped their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

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.