Diebold Nixdorf, Incorporated (NYSE:DBD) Stock Position Boosted by Bank of America Corp DE

Bank of America Corp DE raised its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,106 shares of the technology company's stock after purchasing an additional 7,176 shares during the quarter. Bank of America Corp DE owned about 0.26% of Diebold Nixdorf worth $4,136,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DBD. Glendon Capital Management LP lifted its holdings in 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 buying an additional 60,000 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Diebold Nixdorf by 38.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock valued at $54,780,000 after purchasing an additional 350,808 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Diebold Nixdorf by 32.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock valued at $27,105,000 after buying an additional 153,511 shares during the last quarter. Skylands Capital LLC grew its position in shares of Diebold Nixdorf by 57.5% in the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock valued at $19,223,000 after buying an additional 162,975 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Diebold Nixdorf by 26.6% in the 4th quarter. Northern Trust Corp now owns 316,025 shares of the technology company's stock valued at $13,602,000 after buying an additional 66,495 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on DBD shares. Wall Street Zen lowered shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, May 8th. CJS Securities raised shares of Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, DA Davidson boosted their price objective on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th.

Diebold Nixdorf Trading Up 2.8%

Shares of NYSE:DBD traded up $1.36 during trading on Tuesday, reaching $49.24. The stock had a trading volume of 177,352 shares, compared to its average volume of 174,043. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.38 and a fifty-two week high of $51.81. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $44.55 and a 200-day moving average price of $44.34. The stock has a market cap of $1.83 billion, a P/E ratio of -111.90 and a beta of 1.73.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 earnings per share (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 analysts' expectations 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 declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Frank Tobias Baur acquired 700 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $46.12 per share, with a total value of $32,284.00. Following the acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Diebold Nixdorf Company 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.