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Strs Ohio Reduces Stake in Diebold Nixdorf, Incorporated (NYSE:DBD)

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Strs Ohio reduced its position in Diebold Nixdorf, Incorporated (NYSE:DBDGet Rating) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,100 shares of the technology company’s stock after selling 4,200 shares during the period. Strs Ohio’s holdings in Diebold Nixdorf were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its stake in shares of Diebold Nixdorf by 65.0% in the 1st quarter. Virginia Retirement Systems ET AL now owns 55,100 shares of the technology company’s stock worth $371,000 after buying an additional 21,700 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Diebold Nixdorf in the 1st quarter worth $95,000. Hein Park Capital Management LP purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth $5,734,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Diebold Nixdorf by 19.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,333,789 shares of the technology company’s stock worth $21,121,000 after buying an additional 381,943 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of Diebold Nixdorf in the 4th quarter worth $212,000. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

NYSE DBD opened at $3.10 on Tuesday. The company has a market capitalization of $244.67 million, a PE ratio of -0.96 and a beta of 3.00. The business’s fifty day moving average is $2.73 and its 200 day moving average is $5.86. Diebold Nixdorf, Incorporated has a fifty-two week low of $2.12 and a fifty-two week high of $11.91.

Diebold Nixdorf (NYSE:DBDGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The technology company reported ($1.61) EPS for the quarter, missing the consensus estimate of ($0.22) by ($1.39). Diebold Nixdorf had a negative net margin of 6.69% and a negative return on equity of 7.51%. The business had revenue of $829.80 million during the quarter, compared to analysts’ expectations of $914.75 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Diebold Nixdorf’s revenue was down 12.1% on a year-over-year basis. On average, sell-side analysts forecast that Diebold Nixdorf, Incorporated will post -0.78 EPS for the current year.

Insider Activity

In other Diebold Nixdorf news, CEO Octavio Marquez acquired 48,791 shares of the stock in a transaction dated Thursday, May 12th. The shares were acquired at an average cost of $2.27 per share, for a total transaction of $110,755.57. Following the completion of the transaction, the chief executive officer now directly owns 325,719 shares of the company’s stock, valued at $739,382.13. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Octavio Marquez bought 48,791 shares of Diebold Nixdorf stock in a transaction dated Thursday, May 12th. The shares were purchased at an average cost of $2.27 per share, with a total value of $110,755.57. Following the completion of the acquisition, the chief executive officer now owns 325,719 shares of the company’s stock, valued at approximately $739,382.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary G. Greenfield bought 25,000 shares of Diebold Nixdorf stock in a transaction dated Thursday, May 12th. The stock was purchased at an average cost of $2.40 per share, for a total transaction of $60,000.00. Following the completion of the acquisition, the director now directly owns 154,919 shares of the company’s stock, valued at approximately $371,805.60. The disclosure for this purchase can be found here. Insiders have acquired 104,756 shares of company stock worth $260,898 over the last ninety days. Corporate insiders own 4.18% of the company’s stock.

Wall Street Analyst Weigh In

DBD has been the topic of a number of research reports. StockNews.com downgraded Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Friday, June 24th. JPMorgan Chase & Co. downgraded Diebold Nixdorf from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 10th. DA Davidson lowered their target price on Diebold Nixdorf from $15.00 to $7.00 in a research report on Wednesday, April 27th. Finally, Wedbush upgraded Diebold Nixdorf from a “neutral” rating to an “outperform” rating and set a $5.00 target price on the stock in a research report on Friday, July 8th.

Diebold Nixdorf Company Profile

(Get Rating)

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in Western Europe, Eastern Europe, Asia, the Middle East, Africa, the United States, Canada, Mexico, and Latin America. It operates through Eurasia Banking, Americas Banking, and Retail segments.

See Also

Want to see what other hedge funds are holding DBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diebold Nixdorf, Incorporated (NYSE:DBDGet Rating).

Institutional Ownership by Quarter for Diebold Nixdorf (NYSE:DBD)



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