Diebold Nixdorf (NYSE:DBD) Major Shareholder Sells $2,340,897.04 in Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 38,963 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the completion of the transaction, the insider owned 5,968,398 shares of the company’s stock, valued at $358,581,351.84. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Millstreet Capital Management also recently made the following trade(s):

• On Tuesday, September 16th, Millstreet Capital Management sold 20,000 shares of Diebold Nixdorf stock. The shares were sold at an average price of $60.11, for a total transaction of $1,202,200.00.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $57.54 on Tuesday. The company has a 50-day simple moving average of $59.62 and a 200-day simple moving average of $51.69. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.11 billion, a PE ratio of -169.24 and a beta of 1.68. Diebold Nixdorf, Incorporated has a 52-week low of $34.88 and a 52-week high of $63.46.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $915.20 million during the quarter, compared to analysts’ expectations of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. Equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock buyback plan on Wednesday, August 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DBD. Wall Street Zen upgraded shares of Diebold Nixdorf from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. DA Davidson restated a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Finally, Wedbush raised their target price on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DBD. Nuveen LLC acquired a new position in Diebold Nixdorf during the first quarter valued at approximately $10,796,000. New Vernon Capital Holdings II LLC acquired a new position in Diebold Nixdorf during the first quarter valued at approximately $10,683,000. American Century Companies Inc. lifted its position in Diebold Nixdorf by 364.5% during the second quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock valued at $16,012,000 after buying an additional 226,810 shares in the last quarter. Glendon Capital Management LP lifted its position in Diebold Nixdorf by 13.7% during the first quarter. Glendon Capital Management LP now owns 1,498,282 shares of the technology company’s stock valued at $65,505,000 after buying an additional 180,232 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Diebold Nixdorf during the first quarter valued at approximately $6,715,000. 97.04% of the stock is owned by institutional investors and hedge funds.

About Diebold Nixdorf

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.