JPMorgan Chase & Co. Sells 40,841 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

JPMorgan Chase & Co. cut its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,523 shares of the technology company's stock after selling 40,841 shares during the period. JPMorgan Chase & Co. owned 0.28% of Diebold Nixdorf worth $4,713,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Diebold Nixdorf in the second quarter worth $303,000. Rhumbline Advisers purchased a new stake in shares of Diebold Nixdorf in the second quarter worth $1,409,000. Dimensional Fund Advisors LP increased its stake in shares of Diebold Nixdorf by 89.9% in the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company's stock worth $16,103,000 after purchasing an additional 198,177 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Diebold Nixdorf by 233.4% in the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company's stock worth $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Diebold Nixdorf in the second quarter worth $34,000. 97.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DBD has been the subject of a number of analyst reports. StockNews.com cut shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price (up from $50.00) on shares of Diebold Nixdorf in a research note on Wednesday, December 11th.

Diebold Nixdorf Price Performance

DBD traded up $1.50 during trading on Friday, hitting $44.52. 80,020 shares of the company traded hands, compared to its average volume of 94,324. The company has a market cap of $1.67 billion, a PE ratio of 342.48 and a beta of 1.96. The stock's 50-day simple moving average is $44.11 and its two-hundred day simple moving average is $43.16. Diebold Nixdorf, Incorporated has a 1 year low of $29.29 and a 1 year high of $51.81. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02.

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.