Verition Fund Management LLC Makes New $367,000 Investment in Diebold Nixdorf, Incorporated (NYSE:DBD)

Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) in the 3rd quarter, HoldingsChannel reports. The fund acquired 8,217 shares of the technology company’s stock, valued at approximately $367,000.

A number of other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC increased its position in Diebold Nixdorf by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock valued at $660,000 after purchasing an additional 8,324 shares during the period. FMR LLC increased its position in shares of Diebold Nixdorf by 381,028.6% during the third quarter. FMR LLC now owns 26,679 shares of the technology company’s stock valued at $1,191,000 after buying an additional 26,672 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Diebold Nixdorf by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock worth $12,464,000 after buying an additional 4,155 shares in the last quarter. Royce & Associates LP purchased a new stake in Diebold Nixdorf in the third quarter worth about $7,901,000. Finally, Victory Capital Management Inc. bought a new stake in Diebold Nixdorf during the 3rd quarter valued at approximately $319,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Price Performance

DBD stock opened at $48.40 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.45. The firm has a 50 day moving average price of $45.32 and a 200-day moving average price of $42.67. Diebold Nixdorf, Incorporated has a 52-week low of $27.43 and a 52-week high of $51.81. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 372.38 and a beta of 1.85.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DBD shares. Wedbush reissued an “outperform” rating and issued a $60.00 target price (up previously from $50.00) on shares of Diebold Nixdorf in a research report on Wednesday. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.

Diebold Nixdorf 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.