6,913 Shares in Diebold Nixdorf, Incorporated $DBD Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Diebold Nixdorf, purchasing 6,913 shares valued at approximately $383,000 during the 2nd quarter.
• Diebold Nixdorf's Board of Directors has initiated a $100 million share repurchase program, indicating confidence in the company's stock value.
• The company reported earnings of $0.60 per share in its latest quarter, missing estimates, but had a revenue of $915.20 million, surpassing expectations.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,913 shares of the technology company's stock, valued at approximately $383,000.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Diebold Nixdorf in the 4th quarter valued at $132,000. Bank of America Corp DE grew its position 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 valued at $4,136,000 after purchasing an additional 7,176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diebold Nixdorf by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock worth $619,000 after purchasing an additional 477 shares during the period. Millennium Management LLC increased its stake in shares of Diebold Nixdorf by 104.8% in the fourth quarter. Millennium Management LLC now owns 140,091 shares of the technology company's stock worth $6,030,000 after purchasing an additional 71,673 shares during the period. Finally, Man Group plc lifted its position in shares of Diebold Nixdorf by 49.2% during the 4th quarter. Man Group plc now owns 7,895 shares of the technology company's stock worth $340,000 after purchasing an additional 2,603 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Wall Street Analyst Weigh In

DBD has been the subject of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Wedbush raised their price target on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $75.00.

Diebold Nixdorf Trading Down 0.2%

Shares of DBD stock opened at $57.43 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. The firm has a fifty day moving average of $59.60 and a 200-day moving average of $51.73. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -168.91 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. On average, equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total value of $2,340,897.04. Following the sale, the insider owned 5,968,398 shares of the company's stock, valued at $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.

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