State of Alaska Department of Revenue Makes New Investment in Diebold Nixdorf, Incorporated (NYSE:DBD)

State of Alaska Department of Revenue acquired a new position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the technology company's stock, valued at approximately $860,000. State of Alaska Department of Revenue owned about 0.05% of Diebold Nixdorf at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XTX Topco Ltd purchased a new position in Diebold Nixdorf in the third quarter worth $275,000. Ritholtz Wealth Management purchased a new position in shares of Diebold Nixdorf during the 4th quarter valued at $303,000. Victory Capital Management Inc. purchased a new position in shares of Diebold Nixdorf during the 3rd quarter valued at $319,000. Verition Fund Management LLC purchased a new position in shares of Diebold Nixdorf during the 3rd quarter valued at $367,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Diebold Nixdorf during the 2nd quarter valued at $475,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD traded down $0.40 during trading on Monday, reaching $46.60. 81,589 shares of the stock traded hands, compared to its average volume of 89,816. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.45 and a quick ratio of 0.96. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81. The stock has a market capitalization of $1.75 billion, a P/E ratio of 358.48 and a beta of 1.93. The company has a 50-day moving average of $44.16 and a 200-day moving average of $43.56.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings data 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 net margin of 0.13% and a return on equity of 21.14%. Analysts forecast that Diebold Nixdorf, Incorporated will post 4.02 EPS for the current fiscal year.

Diebold Nixdorf announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an "outperform" rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday.

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.