Invesco Ltd. reduced its position in Diebold Nixdorf Inc (NYSE:DBD) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 555,062 shares of the technology company’s stock after selling 21,535 shares during the quarter. Invesco Ltd. owned about 0.72% of Diebold Nixdorf worth $5,084,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DBD. Cetera Advisor Networks LLC increased its stake in shares of Diebold Nixdorf by 4.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 28,907 shares of the technology company’s stock worth $265,000 after acquiring an additional 1,121 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Diebold Nixdorf by 8.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 23,400 shares of the technology company’s stock worth $214,000 after acquiring an additional 1,900 shares during the last quarter. Aperio Group LLC increased its stake in shares of Diebold Nixdorf by 17.6% in the 2nd quarter. Aperio Group LLC now owns 29,446 shares of the technology company’s stock worth $270,000 after acquiring an additional 4,405 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter worth $50,000. Finally, Pinebridge Investments L.P. increased its stake in shares of Diebold Nixdorf by 9.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 73,073 shares of the technology company’s stock worth $669,000 after acquiring an additional 6,410 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on DBD shares. Sidoti started coverage on Diebold Nixdorf in a research note on Tuesday, September 17th. They issued a “buy” rating and a $19.00 target price for the company. DA Davidson set a $17.00 target price on Diebold Nixdorf and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine downgraded Diebold Nixdorf from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.50.
NYSE DBD opened at $9.33 on Friday. Diebold Nixdorf Inc has a twelve month low of $2.41 and a twelve month high of $14.66. The stock has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $11.03.
Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.21. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) earnings per share. As a group, equities analysts expect that Diebold Nixdorf Inc will post 0.14 earnings per share for the current year.
In other Diebold Nixdorf news, Director Arthur F. Anton purchased 9,615 shares of the stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $10.40 per share, for a total transaction of $99,996.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phillip R. Cox sold 6,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $14.05, for a total value of $84,300.00. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.
Diebold Nixdorf Profile
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through two segments, Banking and Retail. The Banking segment 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.
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