Diebold Nixdorf, Incorporated $DBD is Hein Park Capital Management LP's Largest Position

Key Points

• Hein Park Capital Management LP holds approximately 40.5% of its portfolio in Diebold Nixdorf, making DBD its largest position, despite a 0.3% reduction in stake during the first quarter.
• Analyst ratings for Diebold Nixdorf are largely positive, with a consensus rating of "Buy" and an average target price of $75.00.
• Diebold Nixdorf recently initiated a $100 million share buyback program, reflecting the board's belief that its shares are undervalued.

Hein Park Capital Management LP cut its stake in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,027,680 shares of the technology company's stock after selling 5,424 shares during the period. Diebold Nixdorf comprises approximately 40.5% of Hein Park Capital Management LP's portfolio, making the stock its largest position. Hein Park Capital Management LP owned approximately 5.44% of Diebold Nixdorf worth $88,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DBD. Invesco Ltd. raised its holdings in shares of Diebold Nixdorf by 7.6% in the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after buying an additional 867 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Diebold Nixdorf by 32.2% in the fourth 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. MetLife Investment Management LLC raised its holdings in Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock worth $673,000 after purchasing an additional 856 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Diebold Nixdorf by 141.1% during the fourth quarter. Susquehanna International Group LLP now owns 63,248 shares of the technology company's stock worth $2,722,000 after purchasing an additional 37,020 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Diebold Nixdorf by 17.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,794 shares of the technology company's stock worth $422,000 after purchasing an additional 1,459 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DBD has been the subject of several analyst reports. DA Davidson reissued a "buy" rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wedbush upped their target price 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. Finally, Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $75.00.

Diebold Nixdorf Stock Down 2.2%

DBD stock opened at $61.05 on Friday. The company's 50 day simple moving average is $58.83 and its 200-day simple moving average is $49.95. The firm has a market capitalization of $2.24 billion, a PE ratio of -179.55 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 12 month low of $34.88 and a 12 month high of $63.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91.

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 the consensus estimate of $0.61 by ($0.01). The business had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. Equities analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a share buyback program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board 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.

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