State Street Corp Purchases 89,840 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

State Street Corp grew its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 21.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 505,002 shares of the technology company’s stock after buying an additional 89,840 shares during the quarter. State Street Corp’s holdings in Diebold Nixdorf were worth $22,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in Diebold Nixdorf during the 3rd quarter valued at $367,000. MetLife Investment Management LLC lifted its position in shares of Diebold Nixdorf by 129.1% during the third 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 last quarter. FMR LLC boosted its stake 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 purchasing an additional 26,672 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 4,155 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of Diebold Nixdorf in the third quarter worth about $7,901,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

Shares of Diebold Nixdorf stock opened at $43.86 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The stock’s fifty day moving average price is $45.47 and its 200-day moving average price is $42.76. The firm has a market cap of $1.65 billion, a P/E ratio of 337.41 and a beta of 1.85. Diebold Nixdorf, Incorporated has a 12 month low of $27.51 and a 12 month high of $51.81.

Wall Street Analysts Forecast Growth

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

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.