Diebold Nixdorf, Incorporated $DBD Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in Diebold Nixdorf by 10.9%, selling 4,776 shares, and now owns approximately 0.10% of the company valued at $1.71 million.
• Diebold Nixdorf announced a $100 million share buyback program, indicating that the board believes its stock is undervalued.
• Research firms have changed their ratings on Diebold Nixdorf, with Wedbush raising their price target to $70 and DA Davidson to $80, reflecting overall positive market sentiment.

Nomura Holdings Inc. lowered its stake in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 10.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,107 shares of the technology company's stock after selling 4,776 shares during the period. Nomura Holdings Inc. owned about 0.10% of Diebold Nixdorf worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ritholtz Wealth Management raised its position in Diebold Nixdorf by 96.3% in the 1st quarter. Ritholtz Wealth Management now owns 13,821 shares of the technology company's stock valued at $604,000 after purchasing an additional 6,782 shares in the last quarter. Skylands Capital LLC raised its position in Diebold Nixdorf by 23.3% in the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock valued at $24,072,000 after purchasing an additional 103,975 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Diebold Nixdorf by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock valued at $33,577,000 after purchasing an additional 23,484 shares in the last quarter. Bank of America Corp DE raised its position in Diebold Nixdorf by 8.1% in the 4th quarter. Bank of America Corp DE now owns 96,106 shares of the technology company's stock valued at $4,136,000 after purchasing an additional 7,176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Diebold Nixdorf by 17.5% in the 4th 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. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Stock Down 2.4%

DBD opened at $59.62 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. The business has a 50 day simple moving average of $59.13 and a 200-day simple moving average of $50.14. The stock has a market capitalization of $2.18 billion, a P/E ratio of -175.33 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.

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 (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. On average, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a share buyback program on Wednesday, August 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DBD. Wedbush increased their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. DA Davidson reiterated a "buy" rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $75.00.

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.

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