Royce & Associates LP Purchases New Shares in Diebold Nixdorf, Incorporated (NYSE:DBD)

Royce & Associates LP acquired a new position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 176,908 shares of the technology company's stock, valued at approximately $7,901,000. Royce & Associates LP owned about 0.47% of Diebold Nixdorf at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC acquired a new position in Diebold Nixdorf during the second quarter worth about $12,849,000. Dimensional Fund Advisors LP boosted its holdings in shares of Diebold Nixdorf by 89.9% during the 2nd 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 during the last quarter. Renaissance Technologies LLC grew its position 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 valued at $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Diebold Nixdorf in the second quarter valued at approximately $3,243,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Diebold Nixdorf by 7.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company's stock worth $28,258,000 after buying an additional 51,423 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of Diebold Nixdorf stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the acquisition, the executive vice president now directly owns 24,262 shares in the company, valued at $984,551.96. This represents a 4.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.04% of the company's stock.

Diebold Nixdorf Trading Up 1.8 %

NYSE:DBD traded up $0.73 on Monday, reaching $41.31. The company's stock had a trading volume of 193,487 shares, compared to its average volume of 188,012. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 314.23 and a beta of 2.15. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. Diebold Nixdorf, Incorporated has a 12-month low of $23.74 and a 12-month high of $51.81. The stock has a 50 day moving average price of $44.10 and a 200 day moving average price of $42.11.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wedbush restated an "outperform" rating and issued a $50.00 target price on shares of Diebold Nixdorf in a report on Monday, November 4th. DA Davidson raised their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, October 11th.

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.