First Trust Advisors LP Sells 6,357 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

First Trust Advisors LP decreased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,243 shares of the technology company's stock after selling 6,357 shares during the quarter. First Trust Advisors LP owned approximately 0.25% of Diebold Nixdorf worth $4,013,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position 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 during the period. Vestcor Inc bought a new position in Diebold Nixdorf in the 4th quarter worth approximately $119,000. KLP Kapitalforvaltning AS purchased a new position in Diebold Nixdorf in the 4th quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd bought a new stake in Diebold Nixdorf during the 4th quarter valued at $250,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Diebold Nixdorf during the fourth quarter worth $303,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

DBD has been the topic of a number of analyst reports. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com raised shares of Diebold Nixdorf from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $46.46 on Friday. Diebold Nixdorf, Incorporated has a 12-month low of $34.38 and a 12-month high of $51.81. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.75 billion, a PE ratio of -105.59 and a beta of 1.73. The stock has a 50-day moving average price of $42.61 and a 200-day moving average price of $43.90.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, equities 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 initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

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.

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