Diebold Nixdorf, Incorporated (NYSE:DBD) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 3,369.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,761 shares of the technology company's stock after purchasing an additional 11,422 shares during the quarter. GAMMA Investing LLC's holdings in Diebold Nixdorf were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in shares of Diebold Nixdorf by 821.6% in the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after acquiring an additional 723 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $82,000. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $119,000. BNP Paribas Financial Markets acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $132,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf in the 4th quarter worth $146,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Diebold Nixdorf news, EVP Frank Tobias Baur purchased 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 completion of the acquisition, the executive vice president now owns 38,572 shares of the company's stock, valued at approximately $1,778,940.64. This trade represents a 1.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DBD shares. Wall Street Zen downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, May 8th. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, DA Davidson lifted 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.

Diebold Nixdorf Price Performance

DBD stock traded up $0.16 on Monday, reaching $51.94. 181,944 shares of the company's stock were exchanged, compared to its average volume of 175,280. The stock has a fifty day moving average of $47.41 and a 200-day moving average of $44.88. 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 firm has a market cap of $1.94 billion, a PE ratio of -192.35 and a beta of 1.66. Diebold Nixdorf, Incorporated has a twelve month low of $34.38 and a twelve month high of $52.30.

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 company had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. Diebold Nixdorf had a negative net margin of 0.28% and a positive return on equity of 10.20%. As a group, equities analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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.