12,086 Shares in Diebold Nixdorf, Incorporated (NYSE:DBD) Purchased by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,086 shares of the technology company's stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in Diebold Nixdorf by 38.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,272,763 shares of the technology company's stock worth $54,780,000 after acquiring an additional 350,808 shares during the last quarter. Skylands Capital LLC raised its position in Diebold Nixdorf by 57.5% in the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock valued at $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in Diebold Nixdorf by 2,379.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 119,867 shares of the technology company's stock valued at $5,159,000 after buying an additional 115,033 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Diebold Nixdorf by 460.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company's stock valued at $5,199,000 after buying an additional 99,220 shares during the period. Finally, State Street Corp increased 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 valued at $22,553,000 after purchasing an additional 89,840 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on DBD shares. StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush restated an "outperform" rating and issued a $60.00 target price 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 company a "buy" rating in a research report on Thursday, February 27th. Finally, CJS Securities raised Diebold Nixdorf to a "strong-buy" rating in a research note on Tuesday, April 1st.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded up $1.58 on Wednesday, hitting $43.37. The company's stock had a trading volume of 8,448 shares, compared to its average volume of 180,272. The firm has a market cap of $1.63 billion, a P/E ratio of -98.57 and a beta of 1.73. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $42.75 and a 200-day moving average price 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 released its earnings results 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 negative net margin of 0.44% and a positive return on equity of 14.28%. On average, equities 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 stock buyback program on Wednesday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the company'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 transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares of the company's stock, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.