Millennium Management LLC Has $6.03 Million Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Millennium Management LLC raised its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 104.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 140,091 shares of the technology company's stock after purchasing an additional 71,673 shares during the quarter. Millennium Management LLC owned 0.37% of Diebold Nixdorf worth $6,030,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DBD. William Blair Investment Management LLC increased its stake in Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock valued at $54,780,000 after acquiring an additional 350,808 shares during the period. Skylands Capital LLC grew its holdings in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock worth $19,223,000 after purchasing an additional 162,975 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Diebold Nixdorf by 32.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 629,780 shares of the technology company's stock valued at $27,105,000 after purchasing an additional 153,511 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of Diebold Nixdorf by 2,379.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company's stock valued at $5,159,000 after purchasing an additional 115,033 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Diebold Nixdorf by 460.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company's stock valued at $5,199,000 after purchasing an additional 99,220 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

Shares of NYSE DBD traded down $0.27 during mid-day trading on Friday, hitting $48.31. 174,916 shares of the stock were exchanged, compared to its average volume of 176,084. The company has a market cap of $1.80 billion, a P/E ratio of -109.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf, Incorporated has a twelve month low of $34.38 and a twelve month high of $51.81. The stock's fifty day simple moving average is $44.27 and its two-hundred day simple moving average is $44.14.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.48). The business had revenue of $841.10 million during the quarter, compared to the consensus estimate of $845.95 million. Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Frank Tobias Baur acquired 700 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the transaction, the executive vice president now owns 38,572 shares of the company's stock, valued at approximately $1,778,940.64. This represents a 1.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DBD. CJS Securities raised shares of Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. DA Davidson raised their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, May 8th.

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.