Wells Fargo & Company MN reduced its position in shares of Diebold Nixdorf Inc (NYSE:DBD) by 85.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,468 shares of the technology company’s stock after selling 1,586,798 shares during the period. Wells Fargo & Company MN owned approximately 0.36% of Diebold Nixdorf worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in DBD. BlackRock Inc. raised its holdings in Diebold Nixdorf by 33.6% in the 2nd quarter. BlackRock Inc. now owns 10,565,225 shares of the technology company’s stock valued at $126,253,000 after acquiring an additional 2,657,302 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Diebold Nixdorf by 90.8% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,596,449 shares of the technology company’s stock valued at $7,184,000 after acquiring an additional 759,577 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Diebold Nixdorf by 26.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,432,385 shares of the technology company’s stock valued at $10,966,000 after acquiring an additional 510,286 shares in the last quarter. Sapience Investments LLC raised its holdings in Diebold Nixdorf by 56.5% in the 2nd quarter. Sapience Investments LLC now owns 1,328,104 shares of the technology company’s stock valued at $15,871,000 after acquiring an additional 479,259 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in Diebold Nixdorf by 186.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 233,916 shares of the technology company’s stock valued at $2,795,000 after acquiring an additional 152,200 shares in the last quarter.
Diebold Nixdorf stock opened at $4.00 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.55 and a debt-to-equity ratio of 102.95. Diebold Nixdorf Inc has a 52 week low of $2.41 and a 52 week high of $19.05. The firm has a market cap of $285.47 million, a PE ratio of 3.54 and a beta of 1.70.
Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, October 31st. The technology company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). Diebold Nixdorf had a negative return on equity of 13.35% and a negative net margin of 11.68%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.58 EPS. Diebold Nixdorf’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, research analysts forecast that Diebold Nixdorf Inc will post -0.94 EPS for the current year.
Several equities analysts have weighed in on DBD shares. ValuEngine cut Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research cut Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, DA Davidson raised Diebold Nixdorf from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.25.
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Diebold Nixdorf Company Profile
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
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