Intech Investment Management LLC Purchases Shares of 10,576 Diebold Nixdorf, Incorporated (NYSE:DBD)

Intech Investment Management LLC purchased a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,576 shares of the technology company’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC lifted its position in Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company’s stock valued at $54,780,000 after purchasing an additional 350,808 shares during the last quarter. Royce & Associates LP grew its position in Diebold Nixdorf by 39.2% in the fourth quarter. Royce & Associates LP now owns 246,268 shares of the technology company’s stock worth $10,599,000 after acquiring an additional 69,360 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Diebold Nixdorf by 460.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company’s stock valued at $5,199,000 after acquiring an additional 99,220 shares during the last quarter. Vestcor Inc purchased a new stake in Diebold Nixdorf during the fourth quarter valued at about $119,000. Finally, Victory Capital Management Inc. lifted its stake in Diebold Nixdorf by 80.7% during the fourth quarter. Victory Capital Management Inc. now owns 12,889 shares of the technology company’s stock worth $555,000 after purchasing an additional 5,755 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

DBD has been the topic of a number of research reports. StockNews.com raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, DA Davidson upped their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Insider Activity

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock opened at $43.76 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. Diebold Nixdorf, Incorporated has a one year low of $30.37 and a one year high of $51.81. The business’s 50 day simple moving average is $43.87 and its two-hundred day simple moving average is $44.17. The stock has a market capitalization of $1.65 billion, a P/E ratio of -99.45 and a beta of 1.90.

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

Diebold Nixdorf announced that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.