EP Wealth Advisors LLC Purchases Shares of 6,049 Diebold Nixdorf, Incorporated $DBD

EP Wealth Advisors LLC acquired a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,049 shares of the technology company's stock, valued at approximately $264,000.

Other hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management increased its position in Diebold Nixdorf by 96.3% during the first quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company's stock valued at $604,000 after acquiring an additional 6,782 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Diebold Nixdorf by 23.3% in the first quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock worth $24,072,000 after purchasing an additional 103,975 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Diebold Nixdorf by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock worth $33,577,000 after purchasing an additional 23,484 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Diebold Nixdorf by 8.1% in the fourth quarter. Bank of America Corp DE now owns 96,106 shares of the technology company's stock worth $4,136,000 after purchasing an additional 7,176 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Diebold Nixdorf by 17.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,794 shares of the technology company's stock worth $422,000 after purchasing an additional 1,459 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DBD. Wedbush upped their price target 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. Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Diebold Nixdorf has an average rating of "Buy" and a consensus price target of $75.00.

Diebold Nixdorf Stock Down 2.2%

NYSE:DBD traded down $1.31 during mid-day trading on Friday, reaching $59.21. The company's stock had a trading volume of 117,689 shares, compared to its average volume of 189,398. Diebold Nixdorf, Incorporated has a 1 year low of $34.88 and a 1 year high of $63.46. The stock has a fifty day moving average of $59.71 and a 200-day moving average of $50.98. The firm has a market capitalization of $2.17 billion, a PE ratio of -174.13 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.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data 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). Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The business had revenue of $915.20 million during the quarter, compared to analysts' expectations of $879.57 million. Equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its board has approved a stock buyback plan on Wednesday, August 6th that permits the company to buyback $100.00 million in 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 typically an indication that the company's board believes its stock is undervalued.

Diebold Nixdorf 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.