Diebold Nixdorf, Incorporated $DBD is Irenic Capital Management LP's 6th Largest Position

Key Points

• Irenic Capital Management LP increased its stake in Diebold Nixdorf by 13.8%, making it the firm's 6th largest position with approximately 720,658 shares valued at around $31.5 million.
• Diebold Nixdorf reported earnings of $0.60 per share for its latest quarter, slightly missing analysts' expectations, but its revenue of $915.2 million exceeded estimates of $879.57 million.
• The company has initiated a $100 million stock repurchase program, indicating confidence in its stock valuation, and analysts have set a consensus price target of $75.00 with a general rating of "Buy".

Irenic Capital Management LP lifted its stake in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 720,658 shares of the technology company's stock after purchasing an additional 87,331 shares during the quarter. Diebold Nixdorf comprises about 4.8% of Irenic Capital Management LP's portfolio, making the stock its 6th largest holding. Irenic Capital Management LP owned about 1.93% of Diebold Nixdorf worth $31,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DBD. Invesco Ltd. increased its holdings in Diebold Nixdorf by 7.6% in the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock worth $529,000 after buying an additional 867 shares during the period. Dimensional Fund Advisors LP grew 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 purchasing an additional 153,511 shares during the period. MetLife Investment Management LLC grew its stake in shares of Diebold Nixdorf by 5.8% during the 4th 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 during the period. Susquehanna International Group LLP grew its stake in shares of Diebold Nixdorf by 141.1% during the 4th 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 during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Diebold Nixdorf by 17.5% during the 4th 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 during the period. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

DBD stock traded up $0.09 during midday trading on Friday, reaching $59.83. The stock had a trading volume of 181,202 shares, compared to its average volume of 195,685. The company's fifty day simple moving average is $59.46 and its 200 day simple moving average is $50.39. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -175.96 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts predict 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 approved a share buyback program on Wednesday, August 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.