Diebold Nixdorf, Incorporated (NYSE:DBD) Holdings Raised by Glendon Capital Management LP

Glendon Capital Management LP boosted its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318,050 shares of the technology company’s stock after purchasing an additional 60,000 shares during the period. Diebold Nixdorf comprises 3.5% of Glendon Capital Management LP’s investment portfolio, making the stock its 6th biggest position. Glendon Capital Management LP’s holdings in Diebold Nixdorf were worth $56,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBD. Vestcor Inc acquired a new position in shares of Diebold Nixdorf during the 4th quarter worth $119,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Diebold Nixdorf in the fourth quarter valued at about $146,000. XTX Topco Ltd acquired a new stake in shares of Diebold Nixdorf in the third quarter valued at approximately $275,000. Ritholtz Wealth Management purchased a new position in shares of Diebold Nixdorf during the 4th quarter worth approximately $303,000. Finally, Verition Fund Management LLC acquired a new position in shares of Diebold Nixdorf during the 3rd quarter worth approximately $367,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Stock Up 1.6 %

DBD opened at $44.79 on Thursday. Diebold Nixdorf, Incorporated has a 12 month low of $30.37 and a 12 month high of $51.81. The business has a 50-day moving average of $43.87 and a two-hundred day moving average of $44.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -101.80 and a beta of 1.90.

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 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, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a report on Thursday, February 13th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, DA Davidson upped their price objective 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.

Insider Buying and Selling

In related news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.