Diebold Nixdorf, Incorporated (NYSE:DBD) Director Sells $87,360.00 in Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) Director Emanuel R. Pearlman sold 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Diebold Nixdorf Trading Down 2.5 %

Shares of DBD stock opened at $43.12 on Tuesday. Diebold Nixdorf, Incorporated has a 1 year low of $30.37 and a 1 year high of $51.81. 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’s 50 day simple moving average is $43.71 and its two-hundred day simple moving average is $43.97. The company has a market cap of $1.62 billion, a PE ratio of -98.00 and a beta of 1.93.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share 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%. Research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

Several hedge funds and other institutional investors have recently modified their holdings of DBD. Victory Capital Management Inc. purchased a new stake in shares of Diebold Nixdorf in the third quarter worth approximately $319,000. Royce & Associates LP purchased a new stake in shares of Diebold Nixdorf in the third quarter worth approximately $7,901,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Diebold Nixdorf by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock worth $12,464,000 after buying an additional 4,155 shares during the period. FMR LLC raised its holdings in shares of Diebold Nixdorf by 381,028.6% in the third quarter. FMR LLC now owns 26,679 shares of the technology company’s stock worth $1,191,000 after buying an additional 26,672 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Diebold Nixdorf by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,773 shares of the technology company’s stock worth $660,000 after buying an additional 8,324 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DBD. StockNews.com upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Monday. DA Davidson upped their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Company 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.