Bank of America Corp DE Acquires 7,176 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Bank of America Corp DE increased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,106 shares of the technology company's stock after buying an additional 7,176 shares during the quarter. Bank of America Corp DE owned 0.26% of Diebold Nixdorf worth $4,136,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Glendon Capital Management LP boosted its stake in shares of Diebold Nixdorf by 4.8% during the 4th quarter. Glendon Capital Management LP now owns 1,318,050 shares of the technology company's stock worth $56,729,000 after acquiring an additional 60,000 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Diebold Nixdorf by 38.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock worth $54,780,000 after acquiring an additional 350,808 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Diebold Nixdorf by 32.2% during 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 stake in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock worth $19,223,000 after acquiring an additional 162,975 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Diebold Nixdorf by 26.6% during 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. 97.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Frank Tobias Baur purchased 700 shares of Diebold Nixdorf stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the transaction, the executive vice president now owns 38,572 shares of the company's stock, valued at approximately $1,778,940.64. This represents a 1.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, May 8th. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. DA Davidson lifted their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Wall Street Zen cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Diebold Nixdorf Price Performance

NYSE DBD traded down $0.27 during midday trading on Friday, hitting $48.31. The company had a trading volume of 174,916 shares, compared to its average volume of 173,997. The company has a market capitalization of $1.80 billion, a PE ratio of -109.80 and a beta of 1.73. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $44.38 and a 200-day moving average price of $44.22. Diebold Nixdorf, Incorporated has a twelve month low of $34.38 and a twelve month high of $51.81.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.48). The business had revenue of $841.10 million for the quarter, compared to analyst estimates of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. As a group, analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has approved a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management 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.