Diebold Nixdorf, Incorporated $DBD Stock Position Reduced by Fidelity National Financial Inc.

Fidelity National Financial Inc. reduced its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 51.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,759 shares of the technology company’s stock after selling 53,067 shares during the period. Diebold Nixdorf comprises 0.1% of Fidelity National Financial Inc.’s holdings, making the stock its 29th biggest position. Fidelity National Financial Inc.’s holdings in Diebold Nixdorf were worth $3,046,000 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 DBD. Fortitude Family Office LLC acquired a new stake in shares of Diebold Nixdorf in the third quarter worth $28,000. Public Employees Retirement System of Ohio acquired a new position in Diebold Nixdorf during the second quarter valued at $33,000. Farther Finance Advisors LLC lifted its position in Diebold Nixdorf by 202.9% during the third quarter. Farther Finance Advisors LLC now owns 733 shares of the technology company’s stock valued at $45,000 after purchasing an additional 491 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Diebold Nixdorf during the second quarter valued at $56,000. Finally, Covestor Ltd boosted its holdings in Diebold Nixdorf by 38.4% in the third quarter. Covestor Ltd now owns 980 shares of the technology company’s stock valued at $60,000 after purchasing an additional 272 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Wall Street Zen cut Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson restated a “buy” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research note on Thursday. Zacks Research downgraded Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Finally, Wedbush dropped their target price on Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Diebold Nixdorf currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Diebold Nixdorf Price Performance

NYSE:DBD opened at $54.99 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.84. The company has a 50 day moving average price of $63.01 and a 200-day moving average price of $74.28. Diebold Nixdorf, Incorporated has a 1-year low of $52.87 and a 1-year high of $92.08. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 8.93 and a beta of 1.25.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. Diebold Nixdorf had a net margin of 1.96% and a return on equity of 21.53%. The firm had revenue of $990.90 million for the quarter, compared to the consensus estimate of $971.70 million. Equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.66 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 28th that permits the company to repurchase $250 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 12.7% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About Diebold Nixdorf

Diebold Nixdorf is a global technology company that provides products and services to banks and retailers. Its offerings include ATMs and other self-service banking systems, payment and point-of-sale technology, self-checkout systems, and software for managing transactions and business operations. The company also provides installation, maintenance, managed services, and technology support to help customers operate and update their systems. Its customers include financial institutions and retailers across markets worldwide.