D. E. Shaw & Co. Inc. Increases Stock Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

D. E. Shaw & Co. Inc. lifted its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 311.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,949 shares of the technology company's stock after purchasing an additional 24,933 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.09% of Diebold Nixdorf worth $1,418,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its holdings in Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock valued at $35,000 after purchasing an additional 723 shares during the period. Vestcor Inc purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth $119,000. BNP Paribas Financial Markets purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth $132,000. KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the fourth quarter valued at $146,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Diebold Nixdorf in the fourth quarter valued at $250,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

Shares of DBD traded down $0.37 during mid-day trading on Wednesday, hitting $48.40. 3,679 shares of the company's stock were exchanged, compared to its average volume of 176,236. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.38 and a fifty-two week high of $51.81. The business's 50 day moving average is $44.06 and its two-hundred day moving average is $44.05. The firm has a market capitalization of $1.80 billion, a P/E ratio of -109.99 and a beta of 1.73.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). The company had revenue of $841.10 million for the quarter, compared to analyst estimates of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. On average, equities analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, May 8th. Wall Street Zen cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. DA Davidson boosted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, CJS Securities upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the sale, the director now owns 40,000 shares of the company's stock, valued at $1,747,200. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frank Tobias Baur acquired 700 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $46.12 per share, with a total value of $32,284.00. Following the transaction, the executive vice president now owns 38,572 shares of the company's stock, valued at $1,778,940.64. This trade represents a 1.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.

About Diebold Nixdorf

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.