Comerica Bank cut its stake in Diebold Nixdorf Inc (NYSE:DBD) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,836 shares of the technology company’s stock after selling 3,610 shares during the quarter. Comerica Bank owned approximately 0.09% of Diebold Nixdorf worth $667,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in 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 buying an additional 647,099 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Diebold Nixdorf during the 1st quarter worth approximately $5,014,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Diebold Nixdorf during the 2nd quarter worth approximately $660,000. Bank of America Corp DE raised its stake in shares of Diebold Nixdorf by 38.4% during the 4th quarter. Bank of America Corp DE now owns 214,393 shares of the technology company’s stock worth $533,000 after buying an additional 59,452 shares during the period. Finally, Strs Ohio acquired a new position in shares of Diebold Nixdorf during the 2nd quarter worth approximately $351,000. 89.63% of the stock is owned by institutional investors and hedge funds.
In related news, Director Arthur F. Anton bought 9,615 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $10.40 per share, for a total transaction of $99,996.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Phillip R. Cox sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $14.05, for a total value of $84,300.00. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
Shares of DBD traded down $0.07 during trading hours on Friday, hitting $13.37. 20,261 shares of the stock were exchanged, compared to its average volume of 1,144,612. Diebold Nixdorf Inc has a 12-month low of $2.41 and a 12-month high of $14.66. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -13.04, a price-to-earnings-growth ratio of 32.85 and a beta of 2.80. The stock’s 50-day moving average price is $12.67 and its two-hundred day moving average price is $10.80.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts forecast that Diebold Nixdorf Inc will post 0.14 earnings per share for the current year.
DBD has been the subject of several research analyst reports. ValuEngine downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Zacks Investment Research raised Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, July 23rd. Finally, DA Davidson set a $17.00 target price on Diebold Nixdorf and gave the stock a “buy” rating in a research note on Friday, July 26th.
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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