Northern Trust Corp Has $13.38 Million Holdings in Diebold Nixdorf, Incorporated $DBD

Key Points

• Northern Trust Corp reduced its holdings in Diebold Nixdorf by 3.1%, now owning 306,092 shares worth approximately $13.4 million.
• Analysts have increased their price targets for Diebold Nixdorf, with Wedbush raising it to $70.00 and DA Davidson setting a target of $80.00, indicating a consensus "Buy" rating for the stock.
• Diebold Nixdorf's Board of Directors authorized a $100 million share repurchase program, signaling confidence in the company's stock value.

Northern Trust Corp reduced its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 306,092 shares of the technology company's stock after selling 9,933 shares during the period. Northern Trust Corp owned about 0.81% of Diebold Nixdorf worth $13,382,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after purchasing an additional 477 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Diebold Nixdorf by 182.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after purchasing an additional 926 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position 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 valued at $422,000 after purchasing an additional 1,459 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Diebold Nixdorf during the fourth quarter valued at approximately $82,000. Finally, ProShare Advisors LLC raised its holdings in shares of Diebold Nixdorf by 49.1% during the fourth 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. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Wedbush increased their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, DA Davidson reiterated a "buy" rating and set a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $75.00.

Diebold Nixdorf Stock Up 0.1%

DBD stock traded up $0.09 during trading hours on Friday, hitting $59.83. The company's stock had a trading volume of 181,202 shares, compared to its average volume of 195,685. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.19 billion, a PE ratio of -175.96 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 stock has a 50 day moving average price of $59.46 and a two-hundred day moving average price of $50.42.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued 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 positive return on equity of 7.92% and a negative net margin of 0.35%.The firm had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. On average, equities research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Diebold Nixdorf 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.