Nomura Asset Management Co. Ltd. Has $877,000 Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Nomura Asset Management Co. Ltd. lessened its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 25.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,375 shares of the technology company’s stock after selling 6,900 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Diebold Nixdorf were worth $877,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position 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 in the last quarter. FMR LLC boosted its stake in shares of Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after buying an additional 26,672 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Diebold Nixdorf by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock valued at $660,000 after acquiring an additional 8,324 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Diebold Nixdorf in the third quarter valued at about $367,000. Finally, State Street Corp raised its holdings in Diebold Nixdorf by 21.6% during the third quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after acquiring an additional 89,840 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Stock Up 1.6 %

DBD stock opened at $44.79 on Thursday. Diebold Nixdorf, Incorporated has a 1-year low of $30.37 and a 1-year high of $51.81. The business’s 50 day simple moving average is $43.87 and its 200 day simple moving average is $44.27. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.69 billion, a PE ratio of -101.80 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, research analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson boosted their price target on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Insiders Place Their Bets

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the company’s 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 transaction, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

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.