EVR Research LP Acquires Shares of 55,667 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 acquired a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 investment portfolio, making the stock its 23rd biggest holding. EVR Research LP owned 0.15% of Diebold Nixdorf at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Diebold Nixdorf by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after acquiring an additional 477 shares during the period. MetLife Investment Management LLC lifted its stake in Diebold Nixdorf by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock valued at $673,000 after acquiring an additional 856 shares during the period. Invesco Ltd. lifted its stake in Diebold Nixdorf by 7.6% during the 4th quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after acquiring an additional 867 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Diebold Nixdorf by 182.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after acquiring an additional 926 shares during the period. Finally, Legal & General Group Plc lifted its stake in Diebold Nixdorf by 8.1% during the 4th quarter. Legal & General Group Plc now owns 13,983 shares of the technology company's stock valued at $602,000 after acquiring an additional 1,045 shares during the period. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $62.80 on Wednesday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -184.69 and a beta of 1.68. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $58.21 and a 200-day moving average price of $49.59. Diebold Nixdorf, Incorporated has a twelve month low of $34.88 and a twelve month high of $63.46.

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). Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The firm had revenue of $915.20 million during the quarter, compared to the consensus estimate of $879.57 million. As a group, equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a share buyback plan on Wednesday, August 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DBD has been the subject of a number of research reports. DA Davidson reiterated a "buy" rating and set a $80.00 target price on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Wedbush boosted their target price on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $75.00.

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.

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