62,219 Shares in Diebold Nixdorf, Incorporated $DBD Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. invested approximately $2.72 million in shares of Diebold Nixdorf, acquiring 62,219 shares in the first quarter.
• Diebold Nixdorf's Board of Directors announced a $100 million share buyback plan, signaling a belief that the stock is undervalued.
• Research analysts have generally rated Diebold Nixdorf positively, with a consensus price target of $75.00 and several upgrades to strong buy ratings.

American Century Companies Inc. purchased a new position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 62,219 shares of the technology company's stock, valued at approximately $2,720,000. American Century Companies Inc. owned about 0.17% of Diebold Nixdorf at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Brandywine Global Investment Management LLC raised its position in shares of Diebold Nixdorf by 13.8% in the 1st quarter. Brandywine Global Investment Management LLC now owns 136,448 shares of the technology company's stock worth $5,966,000 after purchasing an additional 16,581 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Diebold Nixdorf by 19.0% in the 1st quarter. Russell Investments Group Ltd. now owns 40,870 shares of the technology company's stock worth $1,787,000 after buying an additional 6,537 shares in the last quarter. Nuveen LLC bought a new stake in Diebold Nixdorf in the 1st quarter worth about $10,796,000. Invesco Ltd. increased its holdings in Diebold Nixdorf by 46.2% in the 1st quarter. Invesco Ltd. now owns 17,978 shares of the technology company's stock worth $786,000 after buying an additional 5,681 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Diebold Nixdorf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,890,777 shares of the technology company's stock worth $82,665,000 after buying an additional 33,149 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

NYSE:DBD traded down $0.28 during trading hours on Thursday, hitting $59.56. 59,774 shares of the stock traded hands, compared to its average volume of 172,404. 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, Incorporated has a 1 year low of $34.88 and a 1 year high of $63.46. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -175.17 and a beta of 1.68. The stock has a 50 day moving average price of $59.27 and a 200 day moving average price of $50.20.

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

Diebold Nixdorf declared that its board has approved a share buyback program on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

DBD has been the subject of several research analyst reports. DA Davidson reiterated a "buy" rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wedbush lifted their price objective on 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 upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $75.00.

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.