Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,857,628 shares of the technology company's stock after selling 29,370 shares during the quarter. Vanguard Group Inc. owned approximately 4.94% of Diebold Nixdorf worth $79,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vestcor Inc acquired a new position in Diebold Nixdorf in the 4th quarter valued at about $119,000. KLP Kapitalforvaltning AS acquired a new stake in Diebold Nixdorf during the fourth quarter worth $146,000. XTX Topco Ltd acquired a new position in shares of Diebold Nixdorf in the 3rd quarter valued at $275,000. Ritholtz Wealth Management acquired a new position in Diebold Nixdorf in the fourth quarter valued at about $303,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $367,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Diebold Nixdorf Stock Down 1.9 %

Shares of NYSE:DBD traded down $0.83 on Wednesday, hitting $42.09. 5,736 shares of the company's stock were exchanged, compared to its average volume of 178,841. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. Diebold Nixdorf, Incorporated has a 1-year low of $30.37 and a 1-year high of $51.81. The company has a market capitalization of $1.58 billion, a PE ratio of -95.65 and a beta of 1.73. The firm's 50-day moving average is $43.10 and its 200 day moving average is $44.00.

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Diebold Nixdorf (NYSE:DBD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the firm'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 transaction, the director now directly owns 40,000 shares of the company's stock, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th. CJS Securities upgraded Diebold Nixdorf to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, StockNews.com lowered Diebold Nixdorf from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th.

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.