William Blair Investment Management LLC Acquires 350,808 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

William Blair Investment Management LLC increased its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 38.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,272,763 shares of the technology company’s stock after buying an additional 350,808 shares during the period. William Blair Investment Management LLC’s holdings in Diebold Nixdorf were worth $54,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Diebold Nixdorf by 21.6% in the third quarter. State Street Corp now owns 505,002 shares of the technology company’s stock valued at $22,553,000 after acquiring an additional 89,840 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Diebold Nixdorf by 1.7% in the third quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after acquiring an additional 11,917 shares in the last quarter. Skylands Capital LLC grew its holdings in shares of Diebold Nixdorf by 57.5% in the fourth quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after acquiring an additional 162,975 shares in the last quarter. Royce & Associates LP bought a new position in shares of Diebold Nixdorf in the third quarter valued at approximately $7,901,000. Finally, Victory Capital Management Inc. bought a new position in Diebold Nixdorf during the third quarter valued at $319,000. 97.04% of the stock is owned by institutional investors.

Diebold Nixdorf Price Performance

Diebold Nixdorf stock opened at $43.69 on Tuesday. Diebold Nixdorf, Incorporated has a one year low of $30.37 and a one year high of $51.81. The business has a fifty day moving average price of $43.70 and a 200-day moving average price of $44.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $1.64 billion, a P/E ratio of -99.30 and a beta of 1.90.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. As a group, equities 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 program on Wednesday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $1,747,200. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DBD shares. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Diebold Nixdorf in a report on Thursday, February 13th. Finally, DA Davidson increased their price objective on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

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.