State Street Corp Buys 89,840 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

State Street Corp increased its position in Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,002 shares of the technology company's stock after buying an additional 89,840 shares during the quarter. State Street Corp owned 1.34% of Diebold Nixdorf worth $22,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DBD. Amalgamated Bank bought a new stake in shares of Diebold Nixdorf in the second quarter worth about $34,000. nVerses Capital LLC purchased a new position in shares of Diebold Nixdorf during the second quarter valued at about $35,000. ClariVest Asset Management LLC lifted its holdings in Diebold Nixdorf by 1.7% in the second quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company's stock worth $2,496,000 after buying an additional 1,067 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company's stock valued at $145,000 after acquiring an additional 2,576 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Diebold Nixdorf by 35.9% during the 2nd quarter. Sei Investments Co. now owns 15,590 shares of the technology company's stock worth $600,000 after acquiring an additional 4,119 shares during the period. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Stock Down 1.3 %

NYSE:DBD traded down $0.56 during trading hours on Monday, reaching $43.30. 80,288 shares of the company traded hands, compared to its average volume of 183,965. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The business's 50-day moving average price is $45.47 and its two-hundred day moving average price is $42.76. Diebold Nixdorf, Incorporated has a 1 year low of $27.51 and a 1 year high of $51.81. The stock has a market capitalization of $1.63 billion, a P/E ratio of 333.10 and a beta of 1.85.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price (up from $50.00) on shares of Diebold Nixdorf in a research report on Wednesday, December 11th.

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.