Diebold Nixdorf, Incorporated (NYSE:DBD) Holdings Trimmed by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Diebold Nixdorf by 9.6%, holding approximately 222,608 shares valued at $9.7 million after selling 23,660 shares.
• Multiple institutional investors have increased their positions in Diebold Nixdorf, with Sterling Capital Management boosting its stake by 821.6% in the fourth quarter.
• Diebold Nixdorf reported a loss of $0.48 per share against the consensus estimate of $0.55 earnings per share, with revenue of $841.1 million, missing analyst expectations.

Royce & Associates LP trimmed its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,608 shares of the technology company's stock after selling 23,660 shares during the period. Royce & Associates LP owned about 0.59% of Diebold Nixdorf worth $9,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in Diebold Nixdorf during the 4th quarter worth about $520,000. Ritholtz Wealth Management boosted its holdings in shares of 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 buying an additional 6,782 shares in the last quarter. Invesco Ltd. grew its position in shares of Diebold Nixdorf by 7.6% in the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock worth $529,000 after buying an additional 867 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Diebold Nixdorf by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,092 shares of the technology company's stock worth $736,000 after buying an additional 3,276 shares during the last quarter. Finally, Skylands Capital LLC grew its position in shares of Diebold Nixdorf by 23.3% in the 1st quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock worth $24,072,000 after buying an additional 103,975 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Frank Tobias Baur bought 700 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the acquisition, the executive vice president owned 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is owned by company insiders.

Diebold Nixdorf Stock Down 0.5%

Diebold Nixdorf stock traded down $0.31 during mid-day trading on Friday, hitting $57.47. The company had a trading volume of 103,172 shares, compared to its average volume of 293,702. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -212.85 and a beta of 1.69. Diebold Nixdorf, Incorporated has a 1 year low of $34.38 and a 1 year high of $60.36. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $53.67 and a 200 day moving average of $47.09.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 10.20% and a negative net margin of 0.28%. On average, sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DBD. Wedbush upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, July 22nd. CJS Securities raised shares of Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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.