Intech Investment Management LLC Takes $455,000 Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Intech Investment Management LLC purchased a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,576 shares of the technology company's stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Diebold Nixdorf by 1.6% during the 4th quarter. Rhumbline Advisers now owns 40,319 shares of the technology company's stock valued at $1,735,000 after buying an additional 639 shares during the period. SG Americas Securities LLC lifted its stake in shares of Diebold Nixdorf by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company's stock valued at $542,000 after purchasing an additional 752 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Diebold Nixdorf by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company's stock worth $12,123,000 after purchasing an additional 2,565 shares during the period. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf during the 4th quarter worth about $119,000. Finally, Jane Street Group LLC raised its holdings in Diebold Nixdorf by 11.6% in the 3rd quarter. Jane Street Group LLC now owns 43,501 shares of the technology company's stock valued at $1,943,000 after buying an additional 4,519 shares during the period. Institutional investors and hedge funds own 97.04% of the company's stock.

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Diebold Nixdorf Stock Down 3.5 %

Shares of Diebold Nixdorf stock traded down $1.56 during trading on Friday, hitting $43.45. 80,967 shares of the stock were exchanged, compared to its average volume of 177,363. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -98.76 and a beta of 1.90. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month 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. The firm's 50-day moving average price is $43.94 and its 200 day moving average price is $44.18.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced 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%. As a group, analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its board has approved a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Diebold Nixdorf

In related 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 transaction, the director now owns 40,000 shares of the company's stock, valued at $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DBD shares. StockNews.com cut shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday. DA Davidson boosted their target price 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, Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th.

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.