Marshall Wace LLP Sells 102,047 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Marshall Wace LLP lowered its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 45.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,128 shares of the technology company's stock after selling 102,047 shares during the quarter. Marshall Wace LLP owned 0.33% of Diebold Nixdorf worth $5,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DBD. Sterling Capital Management LLC raised its position in shares of 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 acquiring an additional 723 shares during the last quarter. Vestcor Inc bought a new stake in shares of Diebold Nixdorf in the 4th quarter valued at $119,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf during the fourth quarter worth $146,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Diebold Nixdorf during the fourth quarter worth $250,000. Finally, Ritholtz Wealth Management acquired a new position in Diebold Nixdorf in the fourth quarter valued at $303,000. Institutional investors own 97.04% of the company's stock.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $1,747,200. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on DBD. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson increased their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded down $0.23 during trading on Tuesday, hitting $43.78. The stock had a trading volume of 25,157 shares, compared to its average volume of 180,746. The stock's 50 day moving average is $42.52 and its two-hundred day moving average is $43.90. Diebold Nixdorf, Incorporated has a 1 year low of $30.37 and a 1 year high of $51.81. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -99.35 and a beta of 1.73. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly 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, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has approved a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Diebold Nixdorf 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.