Allspring Global Investments Holdings LLC Sells 27,440 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Allspring Global Investments Holdings LLC cut its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 738,074 shares of the technology company's stock after selling 27,440 shares during the period. Allspring Global Investments Holdings LLC owned 1.96% of Diebold Nixdorf worth $31,368,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in Diebold Nixdorf in the 4th quarter worth approximately $860,000. SG Americas Securities LLC raised its holdings in shares of Diebold Nixdorf by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company's stock worth $542,000 after acquiring an additional 752 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Diebold Nixdorf during the 4th quarter worth approximately $303,000. Geode Capital Management LLC raised its holdings in shares of Diebold Nixdorf by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company's stock worth $32,087,000 after acquiring an additional 11,917 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth approximately $275,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Trading Down 2.9 %

Shares of NYSE DBD traded down $1.35 during trading hours on Tuesday, hitting $45.25. 40,702 shares of the company traded hands, compared to its average volume of 103,189. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 348.10 and a beta of 1.93. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The company's 50 day moving average price is $44.16 and its 200 day moving average price is $43.56. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a net margin of 0.13% and a return on equity of 21.14%. On average, equities research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.02 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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.