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William Blair Investment Management LLC Increases Stock Position in Diebold Nixdorf, Incorporated $DBD

Diebold Nixdorf logo with Computer and Technology background

Key Points

  • William Blair Investment Management LLC increased its stake in Diebold Nixdorf by 9.5% during the second quarter, owning a total of 1,622,642 shares worth approximately $89.9 million.
  • Diebold Nixdorf has received multiple analyst ratings, with Wall Street Zen upgrading the stock from "buy" to "strong-buy" and Wedbush raising the target price from $60 to $70.
  • The company announced a $100 million share buyback program, indicating a belief by the board that its shares are undervalued.
  • Five stocks we like better than Diebold Nixdorf.

William Blair Investment Management LLC increased its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,622,642 shares of the technology company's stock after buying an additional 140,290 shares during the period. William Blair Investment Management LLC owned 4.35% of Diebold Nixdorf worth $89,894,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Skylands Capital LLC lifted its position in shares of Diebold Nixdorf by 23.3% during the first quarter. Skylands Capital LLC now owns 550,600 shares of the technology company's stock worth $24,072,000 after acquiring an additional 103,975 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Diebold Nixdorf by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 761,558 shares of the technology company's stock valued at $33,577,000 after purchasing an additional 23,484 shares during the period. EP Wealth Advisors LLC purchased a new stake in Diebold Nixdorf during the 1st quarter worth about $264,000. Inspire Investing LLC boosted its stake in Diebold Nixdorf by 199.3% in the 2nd quarter. Inspire Investing LLC now owns 23,462 shares of the technology company's stock worth $1,300,000 after purchasing an additional 15,622 shares during the period. Finally, New Vernon Capital Holdings II LLC purchased a new position in Diebold Nixdorf during the 1st quarter valued at about $10,683,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DBD has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Diebold Nixdorf from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 11th. Wedbush upped their target price on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Diebold Nixdorf in a report on Wednesday, October 8th. Finally, DA Davidson restated a "buy" rating and set a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

View Our Latest Report on Diebold Nixdorf

Insider Buying and Selling

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider owned 5,968,398 shares in the company, valued at $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Diebold Nixdorf Trading Down 1.3%

Shares of DBD opened at $56.07 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 market capitalization of $2.05 billion, a P/E ratio of -164.91 and a beta of 1.59. 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 firm's 50 day simple moving average is $59.31 and its 200 day simple moving average is $53.37.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.01). The company had revenue of $915.20 million during 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%. Sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

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

Diebold Nixdorf Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Diebold Nixdorf (NYSE:DBD)

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