Brant Point Investment Management LLC Has $7.86 Million Stock Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Brant Point Investment Management LLC trimmed its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 182,679 shares of the technology company's stock after selling 7,321 shares during the quarter. Diebold Nixdorf makes up 1.0% of Brant Point Investment Management LLC's portfolio, making the stock its 9th biggest holding. Brant Point Investment Management LLC owned 0.49% of Diebold Nixdorf worth $7,863,000 at the end of the most recent quarter.

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

Diebold Nixdorf Stock Performance

DBD stock traded up $0.65 during trading on Wednesday, hitting $42.44. 39,474 shares of the company's stock traded hands, compared to its average volume of 180,411. The stock has a fifty day moving average price of $42.75 and a two-hundred day moving average price of $43.94. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. Diebold Nixdorf, Incorporated has a 52 week low of $30.37 and a 52 week high of $51.81. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -96.45 and a beta of 1.73.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share 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%. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on DBD shares. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson upped their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm'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 approximately $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 is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Diebold Nixdorf Company 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.