Teacher Retirement System of Texas decreased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 77.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,490 shares of the technology company's stock after selling 65,872 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of Diebold Nixdorf worth $839,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Rhumbline Advisers boosted its position in Diebold Nixdorf by 1.6% during the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company's stock worth $1,735,000 after purchasing an additional 639 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Diebold Nixdorf by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company's stock worth $542,000 after buying an additional 752 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Diebold Nixdorf by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,658 shares of the technology company's stock valued at $12,123,000 after acquiring an additional 2,565 shares during the last quarter. Vestcor Inc purchased a new position in Diebold Nixdorf during the 4th quarter valued at about $119,000. Finally, Jane Street Group LLC increased its holdings in Diebold Nixdorf by 11.6% during the 3rd quarter. Jane Street Group LLC now owns 43,501 shares of the technology company's stock valued at $1,943,000 after acquiring an additional 4,519 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com cut Diebold Nixdorf from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.
Check Out Our Latest Stock Report on DBD
Insider Transactions at Diebold Nixdorf
In other news, Director Emanuel R. Pearlman sold 2,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares of the company's stock, valued at $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company's stock.
Diebold Nixdorf Trading Up 1.6 %
Shares of NYSE:DBD traded up $0.70 during trading on Wednesday, reaching $44.79. The stock had a trading volume of 119,263 shares, compared to its average volume of 176,325. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.69 billion, a P/E ratio of -101.80 and a beta of 1.90. The business has a fifty day moving average price of $43.87 and a 200-day moving average price of $44.27. Diebold Nixdorf, Incorporated has a fifty-two week low of $30.37 and a fifty-two week high of $51.81.
Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. As a group, analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.
Diebold Nixdorf declared that its board has approved a share repurchase program on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Diebold Nixdorf 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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
