Vanguard Group Inc. Boosts Stock Holdings in Diebold Nixdorf, Incorporated $DBD

Key Points

• Vanguard Group Inc. has increased its holdings in Diebold Nixdorf by 1.8%, now owning approximately 1,890,777 shares worth $82.67 million.
• Several analysts have upgraded Diebold Nixdorf, with Wall Street Zen raising its rating from "hold" to "strong-buy" and a consensus target price of $75.00.
• Diebold Nixdorf has announced a $100 million stock buyback program, indicating confidence in the company's valuation according to its leadership.

Vanguard Group Inc. lifted its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,890,777 shares of the technology company's stock after purchasing an additional 33,149 shares during the period. Vanguard Group Inc. owned about 5.02% of Diebold Nixdorf worth $82,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after acquiring an additional 477 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock valued at $673,000 after acquiring an additional 856 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after acquiring an additional 867 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of 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 acquiring an additional 926 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Diebold Nixdorf by 8.1% during the fourth quarter. Legal & General Group Plc now owns 13,983 shares of the technology company's stock valued at $602,000 after acquiring an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

Diebold Nixdorf Trading Down 2.2%

DBD traded down $1.35 during trading hours on Friday, reaching $61.05. The company's stock had a trading volume of 143,845 shares, compared to its average volume of 220,222. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $63.46. The stock has a market cap of $2.24 billion, a PE ratio of -179.55 and a beta of 1.68. The business's 50-day moving average is $58.83 and its 200-day moving average is $49.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released 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 business had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. As a group, equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has approved a share repurchase program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on DBD shares. Wall Street Zen raised Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. DA Davidson reissued a "buy" rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wedbush boosted their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, Diebold Nixdorf presently has a consensus rating of "Buy" and a consensus 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.