Strs Ohio Takes Position in Diebold Nixdorf, Incorporated $DBD

Strs Ohio purchased 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 SEC. The fund purchased 14,800 shares of the technology company's stock, valued at approximately $647,000.

A number of other hedge funds have also recently made changes to their positions in DBD. Jones Financial Companies Lllp grew its position in shares of Diebold Nixdorf by 325.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company's stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. State of Wyoming purchased a new position in shares of Diebold Nixdorf during the 1st quarter valued at $54,000. Harbor Capital Advisors Inc. grew its position in shares of 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 purchasing an additional 926 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Diebold Nixdorf during the 4th quarter worth $132,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Diebold Nixdorf during the 1st quarter worth $264,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diebold Nixdorf Trading Down 5.4%

Shares of DBD opened at $56.82 on Friday. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $63.46. The company has a 50-day moving average of $59.67 and a 200 day moving average of $51.53. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -167.11 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.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate of $879.57 million. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

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

Insider Activity at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $60.11, for a total transaction of $1,202,200.00. Following the completion of the transaction, the insider owned 6,007,361 shares in the company, valued at $361,102,469.71. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.

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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