Diebold Nixdorf, Incorporated (NYSE:DBD) Position Cut by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 37.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,700 shares of the technology company's stock after selling 48,700 shares during the period. Renaissance Technologies LLC owned 0.21% of Diebold Nixdorf worth $3,430,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DBD. William Blair Investment Management LLC raised its holdings in shares of Diebold Nixdorf by 38.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock valued at $54,780,000 after buying an additional 350,808 shares during the last quarter. Skylands Capital LLC grew its stake in shares of Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock worth $19,223,000 after purchasing an additional 162,975 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Diebold Nixdorf by 2,379.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company's stock valued at $5,159,000 after purchasing an additional 115,033 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Diebold Nixdorf by 460.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company's stock worth $5,199,000 after purchasing an additional 99,220 shares during the period. Finally, Royce & Associates LP grew its position in Diebold Nixdorf by 39.2% in the 4th quarter. Royce & Associates LP now owns 246,268 shares of the technology company's stock valued at $10,599,000 after buying an additional 69,360 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Price Performance

Shares of NYSE:DBD opened at $41.80 on Wednesday. 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 company has a market capitalization of $1.57 billion, a PE ratio of -95.00 and a beta of 1.73. The stock has a fifty day moving average of $42.75 and a 200-day moving average of $43.94. Diebold Nixdorf, Incorporated has a one year low of $30.37 and a one year high of $51.81.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current fiscal year.

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

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the firm's stock in a transaction dated 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 approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, February 13th. DA Davidson boosted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, StockNews.com cut shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th.

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.

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