Arena Capital Advisors LLC CA Lowers Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Arena Capital Advisors LLC CA lessened its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,413,922 shares of the technology company's stock after selling 98,991 shares during the period. Diebold Nixdorf makes up approximately 72.6% of Arena Capital Advisors LLC CA's holdings, making the stock its largest holding. Arena Capital Advisors LLC CA owned approximately 3.76% of Diebold Nixdorf worth $60,855,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vestcor Inc bought a new stake in Diebold Nixdorf in the fourth quarter worth about $119,000. XTX Topco Ltd bought a new stake in shares of Diebold Nixdorf during the 3rd quarter worth approximately $275,000. Ritholtz Wealth Management purchased a new position in Diebold Nixdorf during the 4th quarter valued at $303,000. Victory Capital Management Inc. bought a new position in Diebold Nixdorf in the 3rd quarter valued at $319,000. Finally, Verition Fund Management LLC purchased a new stake in Diebold Nixdorf in the third quarter worth $367,000. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Stock Down 0.7 %

Shares of DBD stock traded down $0.29 during mid-day trading on Thursday, hitting $43.22. The stock had a trading volume of 111,043 shares, compared to its average volume of 170,496. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month high of $51.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm's 50-day moving average is $43.75 and its two-hundred day moving average is $44.17. The firm has a market capitalization of $1.63 billion, a P/E ratio of -98.23 and a beta of 1.90.

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Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data 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 negative net margin of 0.44% and a positive return on equity of 14.28%. On average, analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared 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 repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DBD shares. DA Davidson boosted their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Diebold Nixdorf from a "hold" rating to a "buy" rating in a research note on Wednesday.

Insider Transactions at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company's stock.

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.