Vestcor Inc Buys Shares of 2,773 Diebold Nixdorf, Incorporated (NYSE:DBD)

Vestcor Inc bought a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,773 shares of the technology company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth approximately $275,000. Ritholtz Wealth Management bought a new position in shares of Diebold Nixdorf during the 4th quarter worth approximately $303,000. Victory Capital Management Inc. bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth approximately $319,000. Verition Fund Management LLC bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth approximately $367,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Diebold Nixdorf by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 12,595 shares of the technology company’s stock worth $542,000 after buying an additional 752 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Price Performance

Shares of DBD opened at $43.84 on Wednesday. Diebold Nixdorf, Incorporated has a 12-month low of $30.37 and a 12-month high of $51.81. The business’s fifty day moving average is $43.72 and its 200 day moving average is $44.17. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.65 billion, a P/E ratio of -99.64 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share (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%. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s 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 directly owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DBD. DA Davidson increased their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, StockNews.com upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Wednesday.

Diebold Nixdorf Company 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.