Charles Schwab Investment Management Inc. Reduces Position in Diebold Nixdorf, Incorporated $DBD

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. cut its position in 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 & Exchange Commission. The firm owned 276,126 shares of the technology company's stock after selling 5,532 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.73% of Diebold Nixdorf worth $12,072,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Diebold Nixdorf by 182.3% during 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 during the period. Virtus Investment Advisers Inc. acquired a new stake in Diebold Nixdorf during the 4th quarter worth approximately $82,000. BNP Paribas Financial Markets acquired a new stake in Diebold Nixdorf during the 4th quarter worth approximately $132,000. ProShare Advisors LLC lifted its position in Diebold Nixdorf by 49.1% during 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 during the period. Finally, Man Group plc lifted its position in Diebold Nixdorf by 49.2% during 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 during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson reaffirmed a "buy" rating and set a $80.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Wall Street Zen raised Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Wedbush increased their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $75.00.

Diebold Nixdorf Price Performance

NYSE DBD traded down $0.50 during mid-day trading on Friday, hitting $61.91. The stock had a trading volume of 9,587 shares, compared to its average volume of 172,387. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -182.07 and a beta of 1.68. The company has a 50 day simple moving average of $58.64 and a 200 day simple moving average of $49.81. 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 (NYSE:DBD - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $879.57 million. Equities analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock repurchase plan on Wednesday, August 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is 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.