Russell Investments Group Ltd. Purchases 6,537 Shares of Diebold Nixdorf, Incorporated $DBD

Key Points

• Russell Investments Group Ltd. increased its stake in Diebold Nixdorf by 19.0%, owning approximately $1.79 million worth of 40,870 shares by the end of the first quarter.
• Diebold Nixdorf recently reported an earnings per share (EPS) of $0.60 for the last quarter, missing the consensus estimate, but had a revenue of $915.20 million, exceeding expectations.
• The company's board approved a stock repurchase program for up to $100 million, allowing it to buy back 4.8% of its shares, indicating a belief that the stock is undervalued.

Russell Investments Group Ltd. raised its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 19.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,870 shares of the technology company's stock after purchasing an additional 6,537 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Diebold Nixdorf worth $1,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Diebold Nixdorf by 3.4% in 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 during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Diebold Nixdorf by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock worth $673,000 after buying an additional 856 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Diebold Nixdorf by 7.6% during 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 period. Harbor Capital Advisors Inc. grew its stake in Diebold Nixdorf by 182.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after buying an additional 926 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Diebold Nixdorf by 8.1% in the 4th quarter. Legal & General Group Plc now owns 13,983 shares of the technology company's stock valued at $602,000 after buying an additional 1,045 shares during the last quarter. 97.04% of the stock is owned by institutional investors.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock traded down $1.35 during mid-day trading on Monday, reaching $61.05. 143,845 shares of the company were exchanged, compared to its average volume of 219,502. The firm has a market cap 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 current ratio of 1.36 and a quick ratio of 0.91. The company has a fifty day simple moving average of $59.01 and a 200-day simple moving average of $50.07. Diebold Nixdorf, Incorporated has a 12 month low of $34.88 and a 12 month high of $63.46.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released 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 company had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. As a group, equities research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush raised their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. 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. Finally, Wall Street Zen raised Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One investment 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, the company has an average rating of "Buy" and an average target price of $75.00.

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.