Diebold Nixdorf, Incorporated $DBD Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC decreased its stake in Diebold Nixdorf by 0.9%, now holding 754,745 shares valued at approximately $42.94 million.
• Diebold Nixdorf's stock has seen a price range from $34.88 to $63.46 over the past year, with a current opening price of $57.20.
• The company recently initiated a $100 million stock buyback program, indicating management's belief that the stock is undervalued.

Allspring Global Investments Holdings LLC cut its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 754,745 shares of the technology company's stock after selling 6,813 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.03% of Diebold Nixdorf worth $42,937,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company's stock valued at $73,000 after purchasing an additional 870 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Diebold Nixdorf by 199.3% in the second quarter. Inspire Investing LLC now owns 23,462 shares of the technology company's stock valued at $1,300,000 after acquiring an additional 15,622 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Diebold Nixdorf in the second quarter valued at about $383,000. Strs Ohio acquired a new stake in shares of Diebold Nixdorf in the first quarter valued at about $647,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company's stock valued at $50,000 after purchasing an additional 880 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock opened at $57.20 on Wednesday. Diebold Nixdorf, Incorporated has a 1 year low of $34.88 and a 1 year high of $63.46. The firm has a 50 day moving average price of $59.49 and a 200 day moving average price of $53.17. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -168.22 and a beta of 1.59. 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 (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 company had revenue of $915.20 million during the quarter, compared to analysts' expectations of $879.57 million. Sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

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

Insider Transactions at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have 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 boosted their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Diebold Nixdorf in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Diebold Nixdorf from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.

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