Northern Trust Corp Raises Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Northern Trust Corp lifted its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,025 shares of the technology company's stock after purchasing an additional 66,495 shares during the quarter. Northern Trust Corp owned about 0.84% of Diebold Nixdorf worth $13,602,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in Diebold Nixdorf by 821.6% during the 4th 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 period. Vestcor Inc acquired a new stake in Diebold Nixdorf during the 4th quarter worth about $119,000. KLP Kapitalforvaltning AS acquired a new stake in Diebold Nixdorf during the 4th quarter worth about $146,000. Dynamic Technology Lab Private Ltd acquired a new stake in Diebold Nixdorf during the 4th quarter worth about $250,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Diebold Nixdorf in the 4th quarter valued at about $303,000. Institutional investors and hedge funds own 97.04% of the company's stock.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Frank Tobias Baur purchased 700 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $46.12 per share, for a total transaction of $32,284.00. Following the acquisition, the executive vice president now owns 38,572 shares in the company, valued at approximately $1,778,940.64. This trade represents a 1.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.

Diebold Nixdorf Trading Down 1.2%

Diebold Nixdorf stock traded down $0.61 during mid-day trading on Monday, hitting $48.78. The company's stock had a trading volume of 91,855 shares, compared to its average volume of 178,477. The firm has a market capitalization of $1.82 billion, a PE ratio of -110.86 and a beta of 1.73. Diebold Nixdorf, Incorporated has a 1 year low of $34.38 and a 1 year 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 stock's fifty day moving average is $43.35 and its two-hundred day moving average is $43.95.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data 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). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. The business had revenue of $841.10 million during the quarter, compared to analysts' expectations of $845.95 million. On average, analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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

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.