Invesco Ltd. Has $786,000 Stock Holdings 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. lifted its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,978 shares of the technology company's stock after purchasing an additional 5,681 shares during the quarter. Invesco Ltd.'s holdings in Diebold Nixdorf were worth $786,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Diebold Nixdorf by 182.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock worth $63,000 after purchasing an additional 926 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth about $82,000. BNP Paribas Financial Markets bought a new stake in shares of Diebold Nixdorf in the 4th quarter worth about $132,000. ProShare Advisors LLC grew its holdings in shares of Diebold Nixdorf by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock worth $306,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Diebold Nixdorf by 49.2% in the 4th quarter. Man Group plc now owns 7,895 shares of the technology company's stock worth $340,000 after purchasing an additional 2,603 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. DA Davidson reaffirmed a "buy" rating and issued a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wall Street Zen raised shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Wedbush increased their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One investment 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.com, Diebold Nixdorf currently has a consensus rating of "Buy" and an average price target of $75.00.

Diebold Nixdorf Trading Up 0.1%

Diebold Nixdorf stock traded up $0.09 during trading hours on Friday, reaching $59.83. 181,202 shares of the company's stock traded hands, compared to its average volume of 195,685. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $63.46. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -175.96 and a beta of 1.68. The firm's 50 day moving average is $59.46 and its 200-day moving average is $50.42.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) 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 business had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. On average, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

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