Insider Selling: Diebold Nixdorf (NYSE:DBD) Major Shareholder Sells 38,963 Shares of Stock

Key Points

• Major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf at an average price of $60.08, totaling over $2.34 million, resulting in a 0.65% decrease in their ownership.
• Diebold Nixdorf's stock recently traded at $57.54, reflecting a 1.1% increase, while the company has a market cap of $2.11 billion and a price-to-earnings ratio of -169.24.
• Equities analysts have generally rated Diebold Nixdorf positively, with target prices ranging from $70.00 to $80.00 and a consensus rating of "Buy."

Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the sale, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Millstreet Capital Management also recently made the following trade(s):

• On Tuesday, September 16th, Millstreet Capital Management sold 20,000 shares of Diebold Nixdorf stock. The shares were sold at an average price of $60.11, for a total value of $1,202,200.00.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock traded down $0.15 during trading on Tuesday, reaching $57.39. The company's stock had a trading volume of 93,094 shares, compared to its average volume of 174,673. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. Diebold Nixdorf, Incorporated has a 12-month low of $34.88 and a 12-month high of $63.46. The company has a market capitalization of $2.10 billion, a P/E ratio of -168.67 and a beta of 1.68. The business has a 50 day moving average price of $59.62 and a 200-day moving average price of $51.69.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings results 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 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 analysts' expectations of $879.57 million. As a group, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has approved a share buyback program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently added to or reduced their stakes in DBD. Lazard Asset Management LLC increased its stake in Diebold Nixdorf by 1.0% during the second quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company's stock worth $1,740,000 after acquiring an additional 322 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Diebold Nixdorf by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company's stock worth $619,000 after acquiring an additional 477 shares during the last quarter. AlphaQuest LLC increased its stake in Diebold Nixdorf by 3,621.4% during the second quarter. AlphaQuest LLC now owns 521 shares of the technology company's stock worth $29,000 after acquiring an additional 507 shares during the last quarter. CWM LLC increased its stake in Diebold Nixdorf by 193.3% during the second quarter. CWM LLC now owns 1,320 shares of the technology company's stock worth $73,000 after acquiring an additional 870 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company's stock worth $50,000 after acquiring an additional 880 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.