Renaissance Technologies LLC Reduces Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Renaissance Technologies LLC trimmed its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,700 shares of the technology company's stock after selling 48,700 shares during the period. Renaissance Technologies LLC owned about 0.21% of Diebold Nixdorf worth $3,430,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DBD. Vestcor Inc bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $119,000. KLP Kapitalforvaltning AS bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $146,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $250,000. Ritholtz Wealth Management bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $303,000. Finally, Intech Investment Management LLC bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $455,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Up 0.6 %

Shares of NYSE DBD traded up $0.28 during mid-day trading on Monday, hitting $44.06. 74,169 shares of the stock traded hands, compared to its average volume of 181,348. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf, Incorporated has a 52 week low of $30.37 and a 52 week high of $51.81. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -100.14 and a beta of 1.73. The stock has a fifty day moving average price of $42.52 and a 200-day moving average price of $43.90.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 0.44% and a positive return on equity of 14.28%. Research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

DBD has been the topic of a number of recent analyst reports. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st. DA Davidson lifted 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 restated an "outperform" rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. Finally, StockNews.com lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 40,000 shares of the company's stock, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

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.