Russell Investments Group Ltd. Has $1.79 Million Stake in 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. boosted its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,870 shares of the technology company's stock after buying an additional 6,537 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Diebold Nixdorf worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 buying an additional 477 shares during the period. MetLife Investment Management LLC lifted its holdings in Diebold Nixdorf by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company's stock valued at $673,000 after buying an additional 856 shares during the period. Invesco Ltd. lifted its holdings in Diebold Nixdorf by 7.6% in the fourth quarter. Invesco Ltd. now owns 12,297 shares of the technology company's stock valued at $529,000 after buying an additional 867 shares during the period. Harbor Capital Advisors Inc. lifted 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 buying an additional 926 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Diebold Nixdorf by 8.1% in the fourth 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 period. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

Shares of NYSE DBD opened at $62.80 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm's 50-day moving average price is $58.21 and its 200-day moving average price is $49.59. The firm has a market capitalization of $2.30 billion, a P/E ratio of -184.69 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $63.46.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business had revenue of $915.20 million for the quarter, compared to the consensus estimate of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. Equities research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has approved a stock repurchase program on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DBD shares. Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Wedbush upped their price objective on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, DA Davidson reiterated a "buy" rating and set a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $75.00.

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.

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