Inspire Investing LLC Sells 19,605 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Inspire Investing LLC lessened its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 67.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,355 shares of the technology company's stock after selling 19,605 shares during the period. Inspire Investing LLC's holdings in Diebold Nixdorf were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its position in Diebold Nixdorf by 1.7% during the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company's stock valued at $32,087,000 after purchasing an additional 11,917 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Diebold Nixdorf in the second quarter valued at about $1,876,000. The Manufacturers Life Insurance Company acquired a new position in Diebold Nixdorf in the 2nd quarter worth about $475,000. Finally, Royce & Associates LP acquired a new stake in shares of Diebold Nixdorf during the 3rd quarter valued at about $7,901,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on DBD. StockNews.com downgraded shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective (up from $50.00) on shares of Diebold Nixdorf in a report on Wednesday, December 11th.

Diebold Nixdorf Stock Performance

Shares of DBD traded up $0.57 on Friday, reaching $45.01. 82,916 shares of the stock traded hands, compared to its average volume of 76,994. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 346.29 and a beta of 1.96. The stock's 50-day moving average price is $44.59 and its 200-day moving average price is $43.36. Diebold Nixdorf, Incorporated has a 12 month low of $30.01 and a 12 month high of $51.81. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.45 and a quick ratio of 0.96.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.36 by ($0.83). The company had revenue of $927.10 million during the quarter, compared to the consensus estimate of $952.00 million. Diebold Nixdorf had a net margin of 0.13% and a return on equity of 21.14%. Equities analysts forecast that Diebold Nixdorf, Incorporated will post 4.02 EPS for the current fiscal year.

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.