Brant Point Investment Management LLC Sells 59,071 Shares of Diebold Nixdorf, Incorporated $DBD

Key Points

• Brant Point Investment Management LLC reduced its stake in Diebold Nixdorf by 32.3%, owning 123,608 shares after selling 59,071 shares in the first quarter.
• Several institutional investors increased their holdings in Diebold Nixdorf, with Harbor Capital Advisors Inc. boosting its stake by 182.3%.
• Diebold Nixdorf's stock received a "strong-buy" rating from Wall Street Zen, with a target price of $75.00 and recent quarterly earnings slightly missing estimates.

Brant Point Investment Management LLC lessened its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,608 shares of the technology company's stock after selling 59,071 shares during the period. Diebold Nixdorf comprises 0.6% of Brant Point Investment Management LLC's portfolio, making the stock its 20th largest holding. Brant Point Investment Management LLC owned approximately 0.33% of Diebold Nixdorf worth $5,404,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DBD. Harbor Capital Advisors Inc. grew its holdings in Diebold Nixdorf by 182.3% in 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. purchased a new stake in Diebold Nixdorf in the fourth quarter valued at approximately $82,000. BNP Paribas Financial Markets purchased a new stake in Diebold Nixdorf in the fourth quarter valued at approximately $132,000. ProShare Advisors LLC grew its holdings in Diebold Nixdorf by 49.1% in 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 grew its holdings in Diebold Nixdorf by 49.2% in 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. Institutional investors and hedge funds own 97.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DBD shares. Wedbush boosted their target price on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. DA Davidson restated a "buy" rating and issued a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One research 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, the stock has a consensus rating of "Buy" and a consensus price target of $75.00.

Diebold Nixdorf Price Performance

DBD traded down $1.35 on Monday, reaching $61.05. The company had a trading volume of 143,845 shares, compared to its average volume of 219,502. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $63.46. 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 fifty day moving average of $58.83 and a 200-day moving average of $49.97. The company has a market capitalization of $2.24 billion, a P/E ratio of -179.55 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 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 firm had revenue of $915.20 million for the quarter, compared to analysts' expectations of $879.57 million. As a group, equities research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its board has initiated a share repurchase program on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors 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.