Diebold Nixdorf, Incorporated (NYSE:DBD) Stock Holdings Lifted by Glendon Capital Management LP

Glendon Capital Management LP grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,318,050 shares of the technology company's stock after buying an additional 60,000 shares during the quarter. Diebold Nixdorf accounts for about 3.5% of Glendon Capital Management LP's holdings, making the stock its 6th biggest position. Glendon Capital Management LP owned approximately 3.51% of Diebold Nixdorf worth $56,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBD. Charles Schwab Investment Management Inc. increased its holdings in Diebold Nixdorf by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company's stock worth $12,464,000 after acquiring an additional 4,155 shares during the last quarter. FMR LLC grew its stake in Diebold Nixdorf by 381,028.6% in the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company's stock worth $1,191,000 after buying an additional 26,672 shares in the last quarter. MetLife Investment Management LLC raised its position in Diebold Nixdorf by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company's stock valued at $660,000 after purchasing an additional 8,324 shares in the last quarter. Verition Fund Management LLC bought a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $367,000. Finally, State Street Corp lifted its holdings in shares of Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company's stock worth $22,553,000 after acquiring an additional 89,840 shares during the last quarter. 97.04% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DBD shares. DA Davidson raised their target price 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. StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Up 2.1 %

DBD stock traded up $0.77 on Tuesday, reaching $38.15. 44,787 shares of the company traded hands, compared to its average volume of 126,039. The firm has a fifty day simple moving average of $43.52 and a 200-day simple moving average of $44.18. The company has a market cap of $1.44 billion, a P/E ratio of -86.48 and a beta of 1.73. Diebold Nixdorf, Incorporated has a one year low of $30.37 and a one year 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.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. Research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has approved a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding 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 generally an indication that the company's board believes its shares are undervalued.

Insider Activity

In related news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, 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 legal filing with the SEC, which is available at this link. Insiders own 0.26% 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.