Victory Capital Management Inc. Buys New Shares in Diebold Nixdorf, Incorporated (NYSE:DBD)

Victory Capital Management Inc. bought a new stake in Diebold Nixdorf, Incorporated (NYSE:DBD) in the third quarter, HoldingsChannel reports. The fund bought 7,134 shares of the technology company’s stock, valued at approximately $319,000.

A number of other hedge funds have also added to or reduced their stakes in DBD. William Blair Investment Management LLC bought a new position in Diebold Nixdorf in the second quarter valued at $12,849,000. Dimensional Fund Advisors LP grew its position in Diebold Nixdorf by 89.9% in the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 198,177 shares in the last quarter. Renaissance Technologies LLC grew its position in Diebold Nixdorf by 233.4% in the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Diebold Nixdorf in the second quarter valued at $3,243,000. Finally, Allspring Global Investments Holdings LLC grew its position in Diebold Nixdorf by 7.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company’s stock valued at $28,258,000 after purchasing an additional 51,423 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DBD. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. DA Davidson lifted their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a research report on Monday, November 4th.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $46.22 on Friday. The firm has a 50-day moving average of $44.59 and a 200-day moving average of $42.45. Diebold Nixdorf, Incorporated has a one year low of $24.75 and a one year high of $51.81. The company has a market cap of $1.74 billion, a PE ratio of 355.57 and a beta of 2.15. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.45 and a quick ratio of 0.96.

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.