Bank of America Corp DE Acquires 16,751 Shares of Diebold Nixdorf, Incorporated $DBD

Key Points

• Bank of America increased its Diebold Nixdorf stake by 15.8% in the first quarter, purchasing 16,751 additional shares for a total holding valued at $9.27 million. Institutional investors collectively own 97.04% of the company.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $100, although one rating was downgraded to “Hold.”
• Diebold Nixdorf reported quarterly EPS of $1.10, in line with estimates, and revenue of $927.6 million, slightly above expectations. The stock opened at $68.91, down 1.5%, while insiders made recent purchases but have sold 419,798 shares over the past 90 days.

Bank of America Corp DE increased its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 15.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 122,840 shares of the technology company's stock after purchasing an additional 16,751 shares during the period. Bank of America Corp DE owned approximately 0.35% of Diebold Nixdorf worth $9,267,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in Diebold Nixdorf by 325.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company's stock worth $50,000 after buying an additional 880 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Diebold Nixdorf during the first quarter worth $93,000. CWM LLC increased its position in Diebold Nixdorf by 15.6% during the fourth quarter. CWM LLC now owns 1,719 shares of the technology company's stock worth $117,000 after acquiring an additional 232 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Diebold Nixdorf during the 4th quarter valued at $128,000. Finally, Raymond James Financial Inc. acquired a new position in Diebold Nixdorf during the 2nd quarter valued at $105,000. Institutional investors own 97.04% of the company's stock.

Analysts Set New Price Targets

DBD has been the topic of several research reports. DA Davidson restated a "buy" rating and set a $100.00 price objective on shares of Diebold Nixdorf in a report on Monday, May 4th. Wall Street Zen cut shares of Diebold Nixdorf from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Diebold Nixdorf from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 30th. Finally, Wedbush upgraded Diebold Nixdorf to a "strong-buy" rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $100.00.

Insiders Place Their Bets

In other Diebold Nixdorf news, EVP Thomas S. Timko bought 700 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $72.29 per share, with a total value of $50,603.00. Following the completion of the acquisition, the executive vice president owned 3,132 shares of the company's stock, valued at $226,412.28. This trade represents a 28.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Octavio Marquez bought 621 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of $79.56 per share, with a total value of $49,406.76. Following the completion of the transaction, the chief executive officer owned 217,507 shares in the company, valued at approximately $17,304,856.92. This trade represents a 0.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 419,798 shares of company stock worth $35,245,284 in the last 90 days. Company insiders own 1.10% of the company's stock.

Diebold Nixdorf Stock Down 1.5%

Shares of DBD stock opened at $68.91 on Tuesday. The firm has a fifty day moving average of $80.18 and a 200-day moving average of $78.97. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 0.97. Diebold Nixdorf, Incorporated has a 12-month low of $54.48 and a 12-month high of $92.08. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.52 and a beta of 1.18.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. The business had revenue of $927.60 million for the quarter, compared to analyst estimates of $923.07 million. Diebold Nixdorf had a return on equity of 21.16% and a net margin of 2.87%.Diebold Nixdorf has set its FY 2026 guidance at 5.250-5.750 EPS. As a group, equities research analysts predict that Diebold Nixdorf, Incorporated will post 5.46 earnings per share for the current fiscal year.

About Diebold Nixdorf

Diebold Nixdorf, Inc NYSE: DBD is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company's core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source