Diebold Nixdorf (NYSE:DBD) Major Shareholder Millstreet Capital Management Sells 38,963 Shares

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 stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the sale, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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 stock was sold at an average price of $60.11, for a total transaction of $1,202,200.00.

Diebold Nixdorf Price Performance

DBD opened at $56.58 on Thursday. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $63.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91. The company’s 50 day simple moving average is $59.56 and its 200-day simple moving average is $51.76. The stock has a market capitalization of $2.07 billion, a P/E ratio of -166.41 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. Sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of Diebold Nixdorf in the fourth quarter valued at approximately $132,000. Bank of America Corp DE boosted its stake in Diebold Nixdorf by 8.1% in the 4th quarter. Bank of America Corp DE now owns 96,106 shares of the technology company’s stock worth $4,136,000 after purchasing an additional 7,176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Diebold Nixdorf by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,386 shares of the technology company’s stock worth $619,000 after purchasing an additional 477 shares during the period. Millennium Management LLC increased its holdings in Diebold Nixdorf by 104.8% during the 4th quarter. Millennium Management LLC now owns 140,091 shares of the technology company’s stock worth $6,030,000 after purchasing an additional 71,673 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Diebold Nixdorf by 49.2% in the 4th quarter. Man Group plc now owns 7,895 shares of the technology company’s stock valued at $340,000 after purchasing an additional 2,603 shares during the period. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Company 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.