Diebold Nixdorf (NYSE:DBD) Major Shareholder Sells $1,202,200.00 in Stock

Key Points

• Millstreet Capital Management, a major shareholder in Diebold Nixdorf, sold 20,000 shares for a total of $1,202,200.00, reducing their ownership by 0.33% to approximately 6 million shares.
• Diebold Nixdorf reported earnings per share of $0.60 for the last quarter, missing estimates, but its revenue surpassed expectations at $915.20 million.
• The company initiated a $100 million share buyback program, indicating confidence from management in the stock's value.

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) major shareholder Millstreet Capital Management sold 20,000 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $60.11, for a total transaction of $1,202,200.00. Following the transaction, the insider owned 6,007,361 shares in the company, valued at $361,102,469.71. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Millstreet Capital Management also recently made the following trade(s):

• On Thursday, September 18th, Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04.

Diebold Nixdorf Stock Performance

Shares of NYSE:DBD traded up $0.65 on Monday, reaching $57.54. 167,558 shares of the company's stock were exchanged, compared to its average volume of 194,120. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 26.22 and a beta of 1.68. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $63.46. The business's 50-day moving average is $59.62 and its two-hundred day moving average is $51.69. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.01). The business had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. As a group, equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share buyback program on Wednesday, August 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on DBD shares. DA Davidson reissued a "buy" rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wedbush increased their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $75.00.

Institutional Trading of Diebold Nixdorf

A number of large investors have recently modified their holdings of DBD. BNP Paribas Financial Markets bought a new position in Diebold Nixdorf in the 4th quarter valued at about $132,000. Bank of America Corp DE grew its position in Diebold Nixdorf by 8.1% in the 4th quarter. Bank of America Corp DE now owns 96,106 shares of the technology company's stock valued at $4,136,000 after buying an additional 7,176 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Diebold Nixdorf by 311.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,949 shares of the technology company's stock valued at $1,418,000 after buying an additional 24,933 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Diebold Nixdorf by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after buying an additional 477 shares in the last quarter. Finally, Millennium Management LLC grew its position in Diebold Nixdorf by 104.8% in the 4th quarter. Millennium Management LLC now owns 140,091 shares of the technology company's stock valued at $6,030,000 after buying an additional 71,673 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

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.