California State Teachers Retirement System Lowers Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

California State Teachers Retirement System lessened its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,182 shares of the technology company’s stock after selling 1,772 shares during the period. California State Teachers Retirement System’s holdings in Diebold Nixdorf were worth $567,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Skylands Capital LLC grew its position in Diebold Nixdorf by 57.5% during the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after acquiring an additional 162,975 shares during the period. Franklin Resources Inc. purchased a new stake in Diebold Nixdorf during the fourth quarter valued at about $520,000. Invesco Ltd. grew its position in Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company’s stock valued at $529,000 after acquiring an additional 867 shares during the period. State of Alaska Department of Revenue purchased a new stake in Diebold Nixdorf during the fourth quarter valued at about $860,000. Finally, Wells Fargo & Company MN grew its position in Diebold Nixdorf by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company’s stock valued at $736,000 after acquiring an additional 3,276 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson boosted their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, May 8th. Wall Street Zen downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, CJS Securities raised Diebold Nixdorf to a “strong-buy” rating in a research report on Tuesday, April 1st.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 700 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $46.12 per share, with a total value of $32,284.00. Following the completion of the acquisition, the executive vice president now owns 38,572 shares of the company’s stock, valued at approximately $1,778,940.64. This trade represents a 1.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $50.98 on Thursday. Diebold Nixdorf, Incorporated has a 1-year low of $34.38 and a 1-year high of $51.98. The business has a 50-day moving average of $45.51 and a 200-day moving average of $44.63. 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 company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -115.87 and a beta of 1.65.

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 the consensus estimate of $0.55 by ($0.48). The company had revenue of $841.10 million during the quarter, compared to analysts’ expectations of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. On average, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire 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 stock is undervalued.

Diebold Nixdorf 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.