Russell Investments Group Ltd. Acquires 8,205 Shares of Diebold Nixdorf, Incorporated $DBD

Russell Investments Group Ltd. raised its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 20.1% in the second quarter, Holdings Channel reports. The institutional investor owned 49,075 shares of the technology company’s stock after buying an additional 8,205 shares during the quarter. Russell Investments Group Ltd.’s holdings in Diebold Nixdorf were worth $2,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AlphaQuest LLC increased its position in Diebold Nixdorf by 3,621.4% during the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after acquiring an additional 507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Diebold Nixdorf by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after purchasing an additional 631 shares during the last quarter. CWM LLC increased its holdings in shares of Diebold Nixdorf by 193.3% during the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after purchasing an additional 870 shares during the period. Jones Financial Companies Lllp raised its position in shares of Diebold Nixdorf by 325.9% during the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after buying an additional 880 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Diebold Nixdorf in the first quarter valued at about $54,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Activity

In other news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the sale, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DBD. DA Davidson restated a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Monday, December 1st. Finally, Wedbush reiterated an “outperform” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $80.00.

Diebold Nixdorf Trading Down 0.1%

DBD stock opened at $65.25 on Tuesday. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $67.00. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $60.67 and its 200-day moving average is $58.17. The firm has a market cap of $2.34 billion, a P/E ratio of 47.63 and a beta of 1.56.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%.The business had revenue of $945.20 million for the quarter, compared to analyst estimates of $947.43 million. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.