Irenic Capital Management LP Buys 60,548 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Irenic Capital Management LP boosted its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 633,327 shares of the technology company's stock after acquiring an additional 60,548 shares during the quarter. Diebold Nixdorf accounts for approximately 2.9% of Irenic Capital Management LP's holdings, making the stock its 11th largest position. Irenic Capital Management LP owned approximately 1.69% of Diebold Nixdorf worth $27,258,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted 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 valued at $35,000 after purchasing an additional 723 shares during the period. Vestcor Inc bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at $119,000. BNP Paribas Financial Markets purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth $132,000. KLP Kapitalforvaltning AS bought a new stake in shares of Diebold Nixdorf in the fourth quarter worth $146,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Diebold Nixdorf during the fourth quarter valued at $250,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD traded down $0.05 during trading on Friday, hitting $49.41. The company had a trading volume of 146,096 shares, compared to its average volume of 179,094. Diebold Nixdorf, Incorporated has a 12 month low of $34.38 and a 12 month high of $51.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market capitalization of $1.84 billion, a P/E ratio of -112.29 and a beta of 1.73. The stock has a 50 day simple moving average of $43.23 and a 200 day simple moving average of $43.96.

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

Diebold Nixdorf declared that its board has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Activity 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. Also, Director Emanuel R. Pearlman sold 2,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company's stock, valued at approximately $1,747,200. This trade represents a 4.76% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. DA Davidson raised their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. CJS Securities upgraded shares of Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Wedbush reissued an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, May 8th.

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.