Corebridge Financial Inc. Has $541,000 Stake in Diebold Nixdorf, Incorporated (NYSE:DBD)

Corebridge Financial Inc. reduced its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,566 shares of the technology company’s stock after selling 949 shares during the quarter. Corebridge Financial Inc.’s holdings in Diebold Nixdorf were worth $541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DBD. State Street Corp increased its position in shares of Diebold Nixdorf by 21.6% in the third quarter. State Street Corp now owns 505,002 shares of the technology company’s stock valued at $22,553,000 after acquiring an additional 89,840 shares during the last quarter. Skylands Capital LLC increased its position in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock worth $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Diebold Nixdorf by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock worth $32,087,000 after purchasing an additional 11,917 shares in the last quarter. FMR LLC boosted its holdings in shares of Diebold Nixdorf by 381,028.6% in the 3rd 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 last quarter. Finally, Ritholtz Wealth Management acquired a new position in Diebold Nixdorf during the fourth quarter worth $303,000. 97.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction 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 transaction, the director now owns 40,000 shares in the company, valued at $1,747,200. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $37.35 on Tuesday. The stock has a market cap of $1.41 billion, a PE ratio of -84.90 and a beta of 1.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a 50-day moving average of $43.52 and a 200-day moving average of $44.18. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have commented on the stock. DA Davidson increased their price target 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 reiterated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, CJS Securities upgraded Diebold Nixdorf to a “strong-buy” rating in a research note on Tuesday, April 1st.

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.