Bank of New York Mellon Corp Grows Stock Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Bank of New York Mellon Corp grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 7.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 80,544 shares of the technology company’s stock after purchasing an additional 5,583 shares during the period. Bank of New York Mellon Corp’s holdings in Diebold Nixdorf were worth $3,467,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in Diebold Nixdorf during the third quarter worth approximately $275,000. Ritholtz Wealth Management purchased a new stake in Diebold Nixdorf during the fourth quarter worth approximately $303,000. Victory Capital Management Inc. purchased a new position in shares of Diebold Nixdorf in the third quarter valued at $319,000. Verition Fund Management LLC purchased a new position in shares of Diebold Nixdorf in the third quarter valued at $367,000. Finally, SG Americas Securities LLC boosted its stake in shares of Diebold Nixdorf by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock valued at $542,000 after purchasing an additional 752 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Down 0.8 %

Shares of NYSE:DBD opened at $43.52 on Thursday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -98.90 and a beta of 1.90. Diebold Nixdorf, Incorporated has a 1-year low of $30.37 and a 1-year high of $51.81. The company’s fifty day moving average is $43.75 and its two-hundred day moving average is $44.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data 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%. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DBD. DA Davidson upped their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.