Primecap Management Co. CA trimmed its position in shares of Diebold Nixdorf Inc (NYSE:DBD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,000 shares of the technology company’s stock after selling 5,000 shares during the quarter. Primecap Management Co. CA owned 0.38% of Diebold Nixdorf worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of DBD. Neuberger Berman Group LLC raised its stake in shares of Diebold Nixdorf by 43.3% during the 1st quarter. Neuberger Berman Group LLC now owns 2,141,146 shares of the technology company’s stock worth $23,680,000 after purchasing an additional 647,099 shares during the period. Prudential Financial Inc. raised its stake in shares of Diebold Nixdorf by 34.2% during the 2nd quarter. Prudential Financial Inc. now owns 2,476,405 shares of the technology company’s stock worth $22,684,000 after purchasing an additional 630,472 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Diebold Nixdorf during the 2nd quarter worth $5,255,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Diebold Nixdorf during the 2nd quarter worth $3,885,000. Finally, Ancora Advisors LLC raised its stake in shares of Diebold Nixdorf by 19.6% during the 2nd quarter. Ancora Advisors LLC now owns 2,423,701 shares of the technology company’s stock worth $22,201,000 after purchasing an additional 397,705 shares during the period. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
Diebold Nixdorf stock traded down $0.16 during midday trading on Monday, reaching $11.26. The stock had a trading volume of 31,584 shares, compared to its average volume of 835,271. Diebold Nixdorf Inc has a 12 month low of $2.41 and a 12 month high of $14.66. The firm’s 50-day moving average price is $12.46 and its 200 day moving average price is $11.07. The firm has a market capitalization of $844.25 million, a PE ratio of -10.68, a P/E/G ratio of 27.90 and a beta of 2.80.
Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.21. Diebold Nixdorf had a negative return on equity of 53.21% and a negative net margin of 11.32%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted ($0.21) EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Diebold Nixdorf Inc will post 0.14 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the company. DA Davidson set a $17.00 price objective on Diebold Nixdorf and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine cut Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Sidoti assumed coverage on Diebold Nixdorf in a research note on Tuesday, September 17th. They issued a “buy” rating and a $19.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Diebold Nixdorf presently has an average rating of “Hold” and a consensus target price of $13.50.
In related news, Director Phillip R. Cox sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $14.05, for a total value of $84,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthur F. Anton acquired 9,615 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $10.40 per share, for a total transaction of $99,996.00. The disclosure for this purchase can be found here. Insiders own 0.92% of the company’s stock.
Diebold Nixdorf Company 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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