Key Points
- Millstreet Capital sold 500,000 shares of Diebold Nixdorf at an average price of $68 on Jan. 15, raising $34,000,000 and reducing its stake by 8.75% to 5,216,672 shares, per an SEC filing.
- Diebold Nixdorf beat quarterly EPS estimates ($1.39 vs. $0.66) and its board approved a $200 million share buyback program that could repurchase up to 8.7% of outstanding shares.
- Shares trade near $68 with a market cap of $2.46 billion, a P/E of 50.1, a 52‑week range of $34.88–$72.29, and a consensus analyst rating of Buy with an average target of $80.
Diebold Nixdorf, Incorporated (NYSE:DBD - Get Free Report) major shareholder Millstreet Capital Management sold 500,000 shares of the company's stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $68.00, for a total value of $34,000,000.00. Following the completion of the transaction, the insider directly owned 5,216,672 shares in the company, valued at approximately $354,733,696. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Diebold Nixdorf Stock Down 1.8%
DBD opened at $68.63 on Wednesday. The stock has a fifty day moving average of $66.45 and a 200-day moving average of $61.71. The company has a market capitalization of $2.46 billion, a P/E ratio of 50.10 and a beta of 1.55. Diebold Nixdorf, Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $72.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.36.
Diebold Nixdorf (NYSE:DBD - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.66 by $0.73. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. The business had revenue of $945.20 million for the quarter, compared to the consensus estimate of $947.43 million. On average, equities analysts expect that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.
Diebold Nixdorf declared that its Board of Directors has approved a stock buyback program on Wednesday, November 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
Institutional Trading of Diebold Nixdorf
Several institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new position in Diebold Nixdorf during the second quarter worth about $1,823,000. Walleye Capital LLC bought a new stake in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $1,510,000. American Century Companies Inc. increased its position in Diebold Nixdorf by 364.5% during the 2nd quarter. American Century Companies Inc. now owns 289,029 shares of the technology company's stock worth $16,012,000 after purchasing an additional 226,810 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Diebold Nixdorf during the 2nd quarter worth approximately $210,000. Finally, Teacher Retirement System of Texas bought a new position in Diebold Nixdorf in the 2nd quarter valued at approximately $1,308,000. 97.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DBD. Wall Street Zen raised Diebold Nixdorf from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 11th. Wedbush reissued an "outperform" rating and set a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $80.00.
Read Our Latest Report on DBD
About Diebold Nixdorf
(
Get Free Report)
Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company's core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
