Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Sold by Barclays PLC

Barclays PLC decreased its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 69.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,796 shares of the technology company’s stock after selling 93,787 shares during the period. Barclays PLC’s holdings in Diebold Nixdorf were worth $1,755,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after acquiring an additional 723 shares in the last quarter. Vestcor Inc purchased a new position in Diebold Nixdorf during the 4th quarter valued at about $119,000. KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf during the fourth quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Diebold Nixdorf in the fourth quarter worth $250,000. Finally, Ritholtz Wealth Management acquired a new position in Diebold Nixdorf in the 4th quarter worth about $303,000. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD opened at $46.46 on Friday. Diebold Nixdorf, Incorporated has a one year low of $34.38 and a one year high of $51.81. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $42.61 and a 200 day simple moving average of $43.90. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -105.59 and a beta of 1.73.

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

Diebold Nixdorf announced that its board has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 40,000 shares in the company, valued at $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DBD shares. CJS Securities upgraded shares of Diebold Nixdorf to a “strong-buy” rating in a report on Tuesday, April 1st. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. StockNews.com raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

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.