Nomura Asset Management Co. Ltd. Sells 6,900 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Nomura Asset Management Co. Ltd. lessened its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,375 shares of the technology company's stock after selling 6,900 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.05% of Diebold Nixdorf worth $877,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DBD. Vestcor Inc acquired a new position in shares of Diebold Nixdorf during the fourth quarter worth $119,000. KLP Kapitalforvaltning AS acquired a new position in Diebold Nixdorf in the 4th quarter worth about $146,000. XTX Topco Ltd bought a new position in Diebold Nixdorf in the third quarter valued at about $275,000. Ritholtz Wealth Management acquired a new stake in shares of Diebold Nixdorf during the fourth quarter valued at about $303,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf during the third quarter valued at about $367,000. Institutional investors and hedge funds own 97.04% of the company's stock.

Diebold Nixdorf Trading Down 2.1 %

Shares of NYSE DBD traded down $0.79 during midday trading on Monday, reaching $37.35. The stock had a trading volume of 369,643 shares, compared to its average volume of 177,922. The company's 50 day moving average price is $43.52 and its 200 day moving average price is $44.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf, Incorporated has a twelve month low of $30.37 and a twelve month high of $51.81. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -84.90 and a beta of 1.73.

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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 the consensus estimate 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, sell-side analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated 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 purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on 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 directly owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Diebold Nixdorf 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.