Skylands Capital LLC raised its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 57.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 446,625 shares of the technology company's stock after acquiring an additional 162,975 shares during the quarter. Diebold Nixdorf accounts for about 2.7% of Skylands Capital LLC's holdings, making the stock its 8th biggest position. Skylands Capital LLC owned about 1.19% of Diebold Nixdorf worth $19,223,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in DBD. Victory Capital Management Inc. purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter worth about $319,000. Royce & Associates LP purchased a new stake in shares of Diebold Nixdorf in the third quarter valued at about $7,901,000. Charles Schwab Investment Management Inc. grew its position in shares of Diebold Nixdorf by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company's stock valued at $12,464,000 after purchasing an additional 4,155 shares during the last quarter. FMR LLC increased its stake in shares of Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company's stock worth $1,191,000 after purchasing an additional 26,672 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Diebold Nixdorf by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company's stock worth $660,000 after purchasing an additional 8,324 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DBD has been the subject of several recent research reports. DA Davidson raised their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.
Read Our Latest Research Report on Diebold Nixdorf
Diebold Nixdorf Trading Down 3.2 %
DBD stock traded down $1.44 during midday trading on Thursday, hitting $43.12. The stock had a trading volume of 193,964 shares, compared to its average volume of 110,199. The company's 50-day moving average price is $43.71 and its 200 day moving average price is $43.85. 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 has a market cap of $1.62 billion, a PE ratio of -98.00 and a beta of 1.93. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month high of $51.81.
Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 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%. On average, equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.
Diebold Nixdorf announced that its board has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.
Diebold Nixdorf Company Profile
(
Free Report)
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.
Further Reading
Before you consider Diebold Nixdorf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diebold Nixdorf wasn't on the list.
While Diebold Nixdorf currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
