Northern Trust Corp Buys 66,495 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Northern Trust Corp raised its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,025 shares of the technology company’s stock after acquiring an additional 66,495 shares during the quarter. Northern Trust Corp’s holdings in Diebold Nixdorf were worth $13,602,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after purchasing an additional 723 shares during the period. Vestcor Inc bought a new position in shares of Diebold Nixdorf during the fourth quarter worth approximately $119,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $250,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $303,000. 97.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business’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 transaction, the director now owns 40,000 shares in the company, valued at $1,747,200. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur purchased 700 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $46.12 per share, with a total value of $32,284.00. Following the completion of the purchase, the executive vice president now owns 38,572 shares of the company’s stock, valued at approximately $1,778,940.64. This represents a 1.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $49.33 on Friday. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.38 and a fifty-two week high of $51.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $1.84 billion, a P/E ratio of -112.11 and a beta of 1.73. The company’s 50 day moving average price is $43.23 and its two-hundred day moving average price is $43.96.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. The company had revenue of $841.10 million during the quarter, compared to analyst estimates of $845.95 million. On average, equities analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DBD has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, May 8th. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. CJS Securities upgraded shares of Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, May 9th.

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.