Nuveen LLC Purchases New Stake in Diebold Nixdorf, Incorporated $DBD

Key Points

• Nuveen LLC has purchased 246,930 shares of Diebold Nixdorf, valued at approximately $10.8 million, representing around 0.66% ownership in the company as of the last quarter.
• Diebold Nixdorf recently reported quarterly earnings of $0.60 per share, slightly missing analysts' expectations, and announced a $100 million share buyback plan to enhance shareholder value.
• Analysts have responded positively, with Wedbush raising their price target from $60 to $70 and several upgrades to "buy" or "strong buy" ratings, reflecting strong market confidence.

Nuveen LLC bought a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 246,930 shares of the technology company's stock, valued at approximately $10,796,000. Nuveen LLC owned 0.66% of Diebold Nixdorf as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DBD. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Diebold Nixdorf in the 1st quarter worth approximately $6,715,000. Dimensional Fund Advisors LP boosted its holdings in Diebold Nixdorf by 32.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock worth $27,105,000 after acquiring an additional 153,511 shares during the period. Skylands Capital LLC boosted its holdings in Diebold Nixdorf by 23.3% in the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock worth $24,072,000 after acquiring an additional 103,975 shares during the period. Millennium Management LLC boosted its holdings in Diebold Nixdorf by 104.8% in the 4th quarter. Millennium Management LLC now owns 140,091 shares of the technology company's stock worth $6,030,000 after acquiring an additional 71,673 shares during the period. Finally, Northern Trust Corp boosted its holdings in Diebold Nixdorf by 26.6% in the 4th quarter. Northern Trust Corp now owns 316,025 shares of the technology company's stock worth $13,602,000 after acquiring an additional 66,495 shares during the period. Hedge funds and other institutional investors own 97.04% of the company's stock.

Diebold Nixdorf Stock Down 1.0%

Shares of Diebold Nixdorf stock traded down $0.61 on Thursday, hitting $62.38. 163,922 shares of the company's stock traded hands, compared to its average volume of 219,637. The stock has a market cap of $2.29 billion, a P/E ratio of -183.47 and a beta of 1.68. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The firm's 50-day moving average is $58.64 and its 200 day moving average is $49.81. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46.

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

Diebold Nixdorf announced that its board has initiated a stock buyback plan on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

DBD has been the subject of a number of analyst reports. Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. DA Davidson restated a "buy" rating and issued a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wedbush upped their price target on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $75.00.

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.