Diebold Nixdorf, Incorporated (NYSE:DBD) Director Sells $87,360.00 in Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf 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 transaction, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Diebold Nixdorf Price Performance

Shares of DBD opened at $43.29 on Thursday. Diebold Nixdorf, Incorporated has a 52 week low of $30.37 and a 52 week high of $51.81. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -98.39 and a beta of 1.89. The stock has a 50 day moving average of $43.69 and a 200-day moving average of $44.00.

Diebold Nixdorf (NYSE:DBD) last issued its 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 forecast 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 buyback plan on Wednesday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diebold Nixdorf by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock valued at $619,000 after acquiring an additional 477 shares during the last quarter. Rhumbline Advisers lifted its stake in Diebold Nixdorf by 1.6% during the fourth quarter. Rhumbline Advisers now owns 40,319 shares of the technology company’s stock valued at $1,735,000 after purchasing an additional 639 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Diebold Nixdorf by 821.6% during the fourth quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after buying an additional 723 shares in the last quarter. SG Americas Securities LLC grew its position in Diebold Nixdorf by 6.3% in the fourth 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 during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Diebold Nixdorf by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,629 shares of the technology company’s stock valued at $673,000 after buying an additional 856 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DBD. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th. StockNews.com upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Monday. Finally, DA Davidson upped their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

About Diebold Nixdorf

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.