Diebold Nixdorf, Incorporated $DBD Position Decreased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Diebold Nixdorf by 2.0%, selling 5,532 shares and currently holding 276,126 shares valued at approximately $12 million.
• Diebold Nixdorf's board has authorized a $100 million share buyback program, indicating confidence in the stock's value, as it allows the repurchase of up to 4.8% of its shares.
• Research analysts have raised their price targets for Diebold Nixdorf, with ratings ranging from "outperform" to "strong-buy," and an average price target of $75.00 projected for the stock.

Charles Schwab Investment Management Inc. trimmed its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,126 shares of the technology company's stock after selling 5,532 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.73% of Diebold Nixdorf worth $12,072,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in shares of Diebold Nixdorf by 182.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock worth $63,000 after acquiring an additional 926 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Diebold Nixdorf in the 4th quarter worth approximately $82,000. BNP Paribas Financial Markets acquired a new position in shares of Diebold Nixdorf in the 4th quarter worth approximately $132,000. ProShare Advisors LLC grew its position in shares of Diebold Nixdorf by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock worth $306,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Man Group plc grew its position in shares of Diebold Nixdorf by 49.2% in the 4th quarter. Man Group plc now owns 7,895 shares of the technology company's stock worth $340,000 after acquiring an additional 2,603 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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. DA Davidson reaffirmed a "buy" rating and issued a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $75.00.

Diebold Nixdorf Stock Performance

NYSE:DBD traded down $1.35 during mid-day trading on Friday, hitting $61.05. The stock had a trading volume of 143,845 shares, compared to its average volume of 220,222. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -179.55 and a beta of 1.68. The company has a 50 day simple moving average of $58.83 and a 200-day simple moving average of $49.93. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $63.46. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.01). Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The company had revenue of $915.20 million for the quarter, compared to the consensus estimate of $879.57 million. On average, research analysts expect 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 program on Wednesday, August 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

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.