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

Several other large investors have also added to or reduced their stakes in DBD. Wells Fargo & Company MN raised its position in shares of Diebold Nixdorf by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company's stock valued at $736,000 after purchasing an additional 3,276 shares during the period. Invesco Ltd. grew its position in shares of Diebold Nixdorf by 7.6% during the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock worth $529,000 after purchasing an additional 867 shares in the last quarter. Legal & General Group Plc increased 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 worth $602,000 after purchasing an additional 1,045 shares during the period. Dimensional Fund Advisors LP increased its stake in Diebold Nixdorf by 32.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock worth $27,105,000 after acquiring an additional 153,511 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock worth $673,000 after purchasing an additional 856 shares during the period. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

DBD traded down $0.56 on Thursday, reaching $62.44. The company had a trading volume of 53,863 shares, compared to its average volume of 172,689. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -183.63 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46. The business has a 50 day simple moving average of $58.43 and a 200 day simple moving average of $49.68. 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 issued its earnings results 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 during the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. As a group, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DBD shares. Wedbush raised their target price 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 set a $80.00 target price on shares of Diebold Nixdorf in a research 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 given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.