Two Sigma Investments LP Sells 40,645 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Two Sigma Investments LP cut its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 73.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,870 shares of the technology company's stock after selling 40,645 shares during the quarter. Two Sigma Investments LP's holdings in Diebold Nixdorf were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in DBD. Sterling Capital Management LLC grew its position in Diebold Nixdorf by 821.6% during 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. Vestcor Inc purchased a new stake in shares of Diebold Nixdorf in the 4th quarter worth about $119,000. BNP Paribas Financial Markets purchased a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $132,000. KLP Kapitalforvaltning AS bought a new stake in Diebold Nixdorf during the 4th quarter valued at about $146,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Diebold Nixdorf in the fourth quarter worth $250,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. CJS Securities upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Wall Street Zen downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, May 8th. Finally, DA Davidson upped their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, February 27th.

Diebold Nixdorf Stock Performance

Shares of NYSE:DBD traded up $0.09 during midday trading on Thursday, hitting $51.08. The company had a trading volume of 107,690 shares, compared to its average volume of 173,731. Diebold Nixdorf, Incorporated has a 12-month low of $34.38 and a 12-month high of $51.98. The company has a fifty day moving average of $45.51 and a two-hundred day moving average of $44.63. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -116.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.48). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. The company had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. On average, equities research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 700 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $46.12 per share, for a total transaction of $32,284.00. Following the completion of the transaction, the executive vice president now directly owns 38,572 shares of the company's stock, valued at approximately $1,778,940.64. The trade was a 1.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

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.