Beach Point Capital Management LP Has $81.26 Million Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Beach Point Capital Management LP reduced its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,887,929 shares of the technology company's stock after selling 156,347 shares during the quarter. Diebold Nixdorf accounts for approximately 8.6% of Beach Point Capital Management LP's investment portfolio, making the stock its 2nd biggest holding. Beach Point Capital Management LP owned approximately 5.02% of Diebold Nixdorf worth $81,256,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DBD. XTX Topco Ltd acquired a new stake in Diebold Nixdorf in the third quarter valued at about $275,000. Ritholtz Wealth Management acquired a new stake in Diebold Nixdorf in the fourth quarter worth $303,000. Victory Capital Management Inc. bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth about $319,000. Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $367,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Diebold Nixdorf during the 2nd quarter worth approximately $475,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Diebold Nixdorf Stock Performance

DBD stock traded down $0.40 during midday trading on Monday, reaching $46.60. 81,589 shares of the company's stock traded hands, compared to its average volume of 89,816. Diebold Nixdorf, Incorporated has a 52 week low of $30.37 and a 52 week high of $51.81. The company has a 50-day moving average price of $44.16 and a two-hundred day moving average price of $43.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.45. The firm has a market capitalization of $1.75 billion, a PE ratio of 358.48 and a beta of 1.93.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a return on equity of 21.14% and a net margin of 0.13%. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.02 EPS for the current year.

Diebold Nixdorf announced that its board has authorized a stock 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 buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday.

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.