Vestcor Inc Takes $119,000 Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Vestcor Inc bought a new stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,773 shares of the technology company’s stock, valued at approximately $119,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Diebold Nixdorf by 21.6% during the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock valued at $22,553,000 after purchasing an additional 89,840 shares during the last quarter. Skylands Capital LLC increased its position in shares of Diebold Nixdorf by 57.5% during the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after purchasing an additional 162,975 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Diebold Nixdorf by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter valued at $319,000. Finally, FMR LLC increased its position in shares of Diebold Nixdorf by 381,028.6% during the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock valued at $1,191,000 after purchasing an additional 26,672 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DBD shares. DA Davidson lifted their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, StockNews.com raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Wednesday.

Diebold Nixdorf Trading Up 0.1 %

Shares of DBD opened at $43.84 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $1.65 billion, a P/E ratio of -99.64 and a beta of 1.90. Diebold Nixdorf, Incorporated has a fifty-two week low of $30.37 and a fifty-two week high of $51.81. The business has a 50-day moving average of $43.72 and a 200 day moving average of $44.17.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $43.68, for a total transaction of $87,360.00. Following the completion of the sale, the director now owns 40,000 shares in the company, valued at approximately $1,747,200. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Diebold Nixdorf 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.