Charles Schwab Investment Management Inc. Buys 2,565 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Charles Schwab Investment Management Inc. boosted its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 281,658 shares of the technology company’s stock after acquiring an additional 2,565 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Diebold Nixdorf were worth $12,123,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Diebold Nixdorf in the 3rd quarter worth approximately $319,000. FMR LLC increased its stake in Diebold Nixdorf by 381,028.6% in the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after purchasing an additional 26,672 shares during the period. MetLife Investment Management LLC increased its stake in Diebold Nixdorf by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after purchasing an additional 8,324 shares during the period. Verition Fund Management LLC purchased a new position in Diebold Nixdorf in the 3rd quarter worth approximately $367,000. Finally, State Street Corp increased its stake in Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after purchasing an additional 89,840 shares during the period. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Stock Down 1.4 %

Diebold Nixdorf stock opened at $42.65 on Friday. The stock has a market cap of $1.60 billion, a PE ratio of -96.92 and a beta of 1.90. 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, Incorporated has a one year low of $30.37 and a one year high of $51.81. The stock has a fifty day moving average of $43.80 and a 200 day moving average of $44.14.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS 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%. As a group, sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Diebold Nixdorf

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DBD has been the topic of a number of analyst reports. StockNews.com raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Wednesday. DA Davidson boosted their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

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.