Diebold Nixdorf, Incorporated (NYSE:DBD) Sees Large Growth in Short Interest

Diebold Nixdorf, Incorporated (NYSE:DBD) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,730,000 shares, an increase of 12.3% from the September 15th total of 1,540,000 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 159,900 shares, the days-to-cover ratio is currently 10.8 days.

Insider Activity at Diebold Nixdorf

In related news, CEO Octavio Marquez bought 1,100 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the acquisition, the executive vice president now owns 24,262 shares in the company, valued at $984,551.96. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Octavio Marquez purchased 1,100 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,774 shares in the company, valued at approximately $5,069,801.16. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,650 shares of company stock worth $141,935 in the last quarter. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new stake in shares of Diebold Nixdorf during the second quarter valued at approximately $12,849,000. Dimensional Fund Advisors LP lifted its holdings in Diebold Nixdorf by 89.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock worth $16,103,000 after buying an additional 198,177 shares during the period. Renaissance Technologies LLC increased its stake in shares of Diebold Nixdorf by 233.4% during the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after buying an additional 174,800 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Diebold Nixdorf by 16.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after acquiring an additional 94,421 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Diebold Nixdorf in the second quarter valued at $3,243,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

Shares of NYSE:DBD traded down $0.17 during mid-day trading on Thursday, reaching $45.83. The company had a trading volume of 3,533 shares, compared to its average volume of 180,916. The company’s 50-day moving average price is $42.23 and its 200-day moving average price is $40.22. Diebold Nixdorf has a one year low of $17.38 and a one year high of $47.73. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 7.89 and a beta of 2.18. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. The firm had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. As a group, equities research analysts anticipate that Diebold Nixdorf will post 5.3 EPS for the current fiscal year.

Analyst Ratings Changes

DBD has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $50.00 target price on shares of Diebold Nixdorf in a research note on Thursday, September 12th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, DA Davidson raised their price target on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th.

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.