Invesco Ltd. Increases Position in Diebold Nixdorf, Incorporated $DBD

Key Points

• Invesco Ltd. increased its stake in Diebold Nixdorf by 46.2%, now owning 17,978 shares valued at approximately $786,000.
• Diebold Nixdorf has received positive reviews from analysts, with a "buy" rating and a price target as high as $80.00 from DA Davidson.
• The company has announced a $100 million stock buyback program, indicating confidence in its valuation and future growth prospects.

Invesco Ltd. boosted its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 46.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,978 shares of the technology company's stock after purchasing an additional 5,681 shares during the period. Invesco Ltd.'s holdings in Diebold Nixdorf were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DBD. Harbor Capital Advisors Inc. lifted 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 during the period. Virtus Investment Advisers Inc. acquired a new position in Diebold Nixdorf during the fourth quarter valued at $82,000. BNP Paribas Financial Markets acquired a new position in Diebold Nixdorf during the fourth quarter valued at $132,000. ProShare Advisors LLC lifted its position in Diebold Nixdorf by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock valued at $306,000 after purchasing an additional 2,343 shares during the period. Finally, Man Group plc lifted its position in Diebold Nixdorf by 49.2% during the fourth quarter. Man Group plc now owns 7,895 shares of the technology company's stock valued at $340,000 after purchasing an additional 2,603 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DBD. DA Davidson restated a "buy" rating and set a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Wedbush upped their price objective 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 investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $75.00.

Diebold Nixdorf Price Performance

Shares of DBD traded down $0.26 during mid-day trading on Tuesday, hitting $60.63. 184,955 shares of the company were exchanged, compared to its average volume of 191,957. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $63.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. The company has a 50 day moving average of $59.64 and a 200-day moving average of $50.65. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -178.33 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings results 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 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 analyst estimates of $879.57 million. Analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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

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.