Principal Financial Group Inc. bought a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,831 shares of the technology company’s stock, valued at approximately $1,131,000.
Several other large investors have also added to or reduced their stakes in DBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diebold Nixdorf by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock worth $657,000 after purchasing an additional 631 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Diebold Nixdorf by 325.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after buying an additional 880 shares during the period. CWM LLC increased its stake in Diebold Nixdorf by 193.3% in the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after buying an additional 870 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Diebold Nixdorf during the second quarter valued at about $258,000. Finally, AlphaQuest LLC lifted its position in shares of Diebold Nixdorf by 3,621.4% in the second quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after acquiring an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Diebold Nixdorf Price Performance
Diebold Nixdorf stock opened at $80.57 on Thursday. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $84.42. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average is $69.94 and its 200 day moving average is $63.76. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 31.11 and a beta of 1.55.
Diebold Nixdorf announced that its board has authorized a share buyback program on Wednesday, November 5th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Analysts Set New Price Targets
Several analysts recently issued reports on DBD shares. DA Davidson lifted their target price on Diebold Nixdorf from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Weiss Ratings upgraded shares of Diebold Nixdorf from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Wedbush set a $100.00 target price on shares of Diebold Nixdorf in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $100.00.
View Our Latest Stock Analysis on Diebold Nixdorf
Insider Activity
In related news, major shareholder Millstreet Capital Management sold 500,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $68.00, for a total value of $34,000,000.00. Following the completion of the sale, the insider directly owned 5,216,672 shares in the company, valued at $354,733,696. This trade represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.
Diebold Nixdorf 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.
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