William Blair Investment Management LLC Purchases 350,808 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

William Blair Investment Management LLC boosted its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,272,763 shares of the technology company's stock after purchasing an additional 350,808 shares during the period. William Blair Investment Management LLC owned about 3.39% of Diebold Nixdorf worth $54,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP bought a new position in shares of Diebold Nixdorf during the 3rd quarter valued at $7,901,000. Skylands Capital LLC grew its stake in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company's stock valued at $19,223,000 after purchasing an additional 162,975 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Diebold Nixdorf by 460.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 120,787 shares of the technology company's stock valued at $5,199,000 after purchasing an additional 99,220 shares during the last quarter. State Street Corp lifted its stake in shares of Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company's stock worth $22,553,000 after purchasing an additional 89,840 shares during the period. Finally, FMR LLC boosted its holdings in shares of Diebold Nixdorf by 381,028.6% in the third quarter. FMR LLC now owns 26,679 shares of the technology company's stock worth $1,191,000 after buying an additional 26,672 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

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Diebold Nixdorf Price Performance

Shares of DBD traded down $0.61 during mid-day trading on Friday, reaching $42.65. The stock had a trading volume of 269,679 shares, compared to its average volume of 121,876. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -96.92 and a beta of 1.90. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81. The business has a fifty day moving average of $43.77 and a 200 day moving average of $44.16. 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 (NYSE:DBD - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 14.28% and a negative net margin of 0.44%. Equities analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

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

Analyst Ratings Changes

DBD has been the subject of a number of research reports. DA Davidson upped their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Diebold Nixdorf from a "hold" rating to a "buy" rating in a research report on Wednesday.

Insider Activity at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred 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. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

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.