EVR Research LP Makes New $2.43 Million Investment in Diebold Nixdorf, Incorporated $DBD

Key Points

• EVR Research LP has acquired 55,667 shares of Diebold Nixdorf, valued at approximately $2.43 million, making it the 23rd largest holding in their investment portfolio.
• Institutional investors currently own 97.04% of Diebold Nixdorf's stock, indicating strong institutional interest in the company.
• Diebold Nixdorf has announced a $100 million share buyback plan, which allows the company to repurchase up to 4.8% of its shares, suggesting that management believes the stock is undervalued.

EVR Research LP purchased a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,667 shares of the technology company's stock, valued at approximately $2,434,000. Diebold Nixdorf makes up 0.7% of EVR Research LP's holdings, making the stock its 23rd largest holding. EVR Research LP owned 0.15% of Diebold Nixdorf at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DBD. Harbor Capital Advisors Inc. increased its position in Diebold Nixdorf by 182.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock worth $63,000 after buying an additional 926 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Diebold Nixdorf during the fourth quarter worth $82,000. BNP Paribas Financial Markets purchased a new stake in shares of Diebold Nixdorf in the fourth quarter valued at $132,000. ProShare Advisors LLC grew its position in shares of Diebold Nixdorf by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock valued at $306,000 after purchasing an additional 2,343 shares during the period. Finally, Man Group plc grew its position in shares of Diebold Nixdorf by 49.2% in the fourth quarter. Man Group plc now owns 7,895 shares of the technology company's stock valued at $340,000 after purchasing an additional 2,603 shares during the period. Hedge funds and other institutional investors own 97.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wedbush lifted their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen raised Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, Diebold Nixdorf currently has an average rating of "Buy" and a consensus price target of $75.00.

Diebold Nixdorf Trading Down 2.2%

Diebold Nixdorf stock traded down $1.35 during midday trading on Monday, reaching $61.05. The stock had a trading volume of 143,845 shares, compared to its average volume of 219,502. Diebold Nixdorf, Incorporated has a twelve month low of $34.88 and a twelve month high of $63.46. The stock has a market capitalization of $2.24 billion, a PE ratio of -179.55 and a beta of 1.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. The stock's 50-day simple moving average is $58.83 and its 200 day simple moving average is $49.97.

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 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 firm had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. Analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

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

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.