11,515 Shares in Diebold Nixdorf, Incorporated (NYSE:DBD) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has invested approximately $503,000 in Diebold Nixdorf, acquiring 11,515 shares during the first quarter.
• Analysts have recently lifted their price targets for Diebold Nixdorf, with Wedbush raising it from $60.00 to $70.00 and designating the stock as "outperform."
• Diebold Nixdorf reported a $915.20 million revenue for the last quarter, exceeding analyst estimates, and has initiated a $100 million share buyback program.

XTX Topco Ltd purchased a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,515 shares of the technology company's stock, valued at approximately $503,000.

Several other large investors have also recently added to or reduced their stakes in DBD. Sterling Capital Management LLC raised its holdings in Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock worth $35,000 after purchasing an additional 723 shares in the last quarter. Harbor Capital Advisors Inc. increased 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 in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Diebold Nixdorf in the fourth quarter valued at about $82,000. BNP Paribas Financial Markets purchased a new position in Diebold Nixdorf in the fourth quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the fourth quarter valued at about $146,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Price Performance

Shares of DBD traded up $0.81 during mid-day trading on Tuesday, reaching $60.50. 44,992 shares of the company's stock were exchanged, compared to its average volume of 168,809. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $55.73 and a two-hundred day simple moving average of $48.20. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $61.01. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -177.99 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $915.20 million for the quarter, compared to analysts' expectations of $879.57 million. On average, sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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

Analyst Ratings Changes

DBD has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday. Wedbush increased their target price 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.

Diebold Nixdorf Company 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.