Diebold Nixdorf, Incorporated $DBD Shares Purchased by Glendon Capital Management LP

Key Points

• Glendon Capital Management LP increased its stake in Diebold Nixdorf by 13.7%, owning a total of 1,498,282 shares valued at approximately $65.5 million.
• Several analysts have upgraded Diebold Nixdorf’s stock, with price targets ranging from $70.00 to $80.00, suggesting a positive outlook on its performance.
• Diebold Nixdorf announced a $100 million stock buyback program, indicating confidence in the company's valuation and market position.

Glendon Capital Management LP raised its stake in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,498,282 shares of the technology company's stock after purchasing an additional 180,232 shares during the period. Diebold Nixdorf accounts for about 3.8% of Glendon Capital Management LP's holdings, making the stock its 6th biggest position. Glendon Capital Management LP owned 4.02% of Diebold Nixdorf worth $65,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock valued at $619,000 after purchasing an additional 477 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Diebold Nixdorf by 821.6% in the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock valued at $35,000 after purchasing an additional 723 shares in the last quarter. MetLife Investment Management LLC raised its stake in Diebold Nixdorf by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock worth $673,000 after acquiring an additional 856 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Diebold Nixdorf by 7.6% during the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock worth $529,000 after purchasing an additional 867 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Diebold Nixdorf by 182.3% in the first 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 last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

Shares of DBD stock traded up $0.03 during trading hours on Wednesday, hitting $62.83. The stock had a trading volume of 41,815 shares, compared to its average volume of 172,418. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -184.92 and a beta of 1.68. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $63.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. The stock's 50-day moving average price is $58.21 and its two-hundred day moving average price is $49.59.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate 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 business had revenue of $915.20 million for the quarter, compared to analysts' expectations of $879.57 million. Equities analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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