Anderson Financial Strategies LLC Invests $1.45 Million in Diebold Nixdorf, Incorporated $DBD

Anderson Financial Strategies LLC purchased a new position in Diebold Nixdorf, Incorporated (NYSE:DBD) during the third quarter, Holdings Channel reports. The firm purchased 25,354 shares of the technology company’s stock, valued at approximately $1,446,000. Diebold Nixdorf accounts for 0.9% of Anderson Financial Strategies LLC’s portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC increased its holdings in Diebold Nixdorf by 9.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock valued at $89,894,000 after buying an additional 140,290 shares during the period. American Century Companies Inc. boosted its position in shares of Diebold Nixdorf by 364.5% during the 2nd quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock worth $16,012,000 after acquiring an additional 226,810 shares in the last quarter. Marshall Wace LLP increased its stake in Diebold Nixdorf by 75.2% in the second quarter. Marshall Wace LLP now owns 159,632 shares of the technology company’s stock valued at $8,844,000 after acquiring an additional 68,503 shares during the last quarter. Bank of America Corp DE raised its position in Diebold Nixdorf by 10.7% during the second quarter. Bank of America Corp DE now owns 96,425 shares of the technology company’s stock valued at $5,342,000 after purchasing an additional 9,326 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Diebold Nixdorf by 78.9% during the second quarter. Jane Street Group LLC now owns 74,935 shares of the technology company’s stock worth $4,151,000 after purchasing an additional 33,044 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Wedbush reiterated an “outperform” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $80.00.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 500,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the insider owned 5,216,672 shares of the company’s stock, valued at approximately $354,733,696. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Diebold Nixdorf Stock Performance

Shares of DBD stock opened at $70.95 on Wednesday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 51.79 and a beta of 1.55. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $67.83 and its 200-day moving average price is $62.45. Diebold Nixdorf, Incorporated has a 12 month low of $34.88 and a 12 month high of $72.53.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. The business had revenue of $945.20 million during the quarter, compared to analyst estimates of $947.43 million. Equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.