Nomura Holdings Inc. Cuts Stake in Diebold Nixdorf, Incorporated (NYSE:DBD)

Nomura Holdings Inc. trimmed its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,883 shares of the technology company's stock after selling 5,175 shares during the period. Nomura Holdings Inc. owned approximately 0.12% of Diebold Nixdorf worth $1,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sterling Capital Management LLC boosted 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 valued at $35,000 after buying an additional 723 shares during the last quarter. Vestcor Inc bought a new position in Diebold Nixdorf during the 4th quarter valued at about $119,000. BNP Paribas Financial Markets bought a new position in Diebold Nixdorf during the 4th quarter valued at about $132,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $146,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Diebold Nixdorf in the fourth quarter worth approximately $250,000. Institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DBD shares. Wedbush restated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, May 8th. DA Davidson increased their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, February 27th. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen cut shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at $1,747,200. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur bought 700 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $46.12 per share, with a total value of $32,284.00. Following the acquisition, the executive vice president now directly owns 38,572 shares in the company, valued at $1,778,940.64. This trade represents a 1.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.26% of the company's stock.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded down $0.14 during trading on Thursday, reaching $47.62. The company had a trading volume of 16,475 shares, compared to its average volume of 177,624. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -108.41 and a beta of 1.73. 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 firm's 50-day simple moving average is $43.73 and its 200 day simple moving average is $44.01. Diebold Nixdorf, Incorporated has a 52 week low of $34.38 and a 52 week high of $51.81.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.48). The company had revenue of $841.10 million during the quarter, compared to the consensus estimate of $845.95 million. Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Sell-side 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 program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign 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.