Brandywine Global Investment Management LLC grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 2,379.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,867 shares of the technology company's stock after buying an additional 115,033 shares during the quarter. Brandywine Global Investment Management LLC owned 0.32% of Diebold Nixdorf worth $5,159,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Vestcor Inc bought a new position in Diebold Nixdorf during the fourth quarter valued at $119,000. KLP Kapitalforvaltning AS purchased a new position in shares of Diebold Nixdorf during the 4th quarter worth about $146,000. XTX Topco Ltd bought a new position in Diebold Nixdorf during the 3rd quarter valued at about $275,000. Ritholtz Wealth Management purchased a new stake in Diebold Nixdorf in the 4th quarter worth about $303,000. Finally, Verition Fund Management LLC purchased a new position in shares of Diebold Nixdorf during the third quarter valued at approximately $367,000. Institutional investors own 97.04% of the company's stock.
Diebold Nixdorf Trading Down 4.8 %
DBD traded down $1.91 during trading on Friday, hitting $38.13. 332,863 shares of the stock were exchanged, compared to its average volume of 177,155. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a 50 day simple moving average of $43.64 and a 200 day simple moving average of $44.22. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -86.66 and a beta of 1.73. Diebold Nixdorf, Incorporated has a 1 year low of $30.37 and a 1 year high of $51.81.
Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS 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%. As a group, equities analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.
Diebold Nixdorf declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on DBD shares. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. DA Davidson upped their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th.
Get Our Latest Stock Report on Diebold Nixdorf
Insider Activity
In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.26% of the company's stock.
About Diebold Nixdorf
(
Free Report)
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.
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