Chicago Partners Investment Group LLC Makes New Investment in Diebold Nixdorf, Incorporated $DBD

Chicago Partners Investment Group LLC acquired a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,348 shares of the technology company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its stake in Diebold Nixdorf by 9.5% during the second quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock worth $89,894,000 after buying an additional 140,290 shares during the period. Ritholtz Wealth Management boosted its stake in Diebold Nixdorf by 11.5% during the second quarter. Ritholtz Wealth Management now owns 15,409 shares of the technology company’s stock worth $854,000 after buying an additional 1,588 shares during the period. CWM LLC lifted its position in shares of Diebold Nixdorf by 193.3% during the second quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after purchasing an additional 870 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Diebold Nixdorf by 199.3% during the second quarter. Inspire Investing LLC now owns 23,462 shares of the technology company’s stock worth $1,300,000 after purchasing an additional 15,622 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Diebold Nixdorf during the second quarter worth $383,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Diebold Nixdorf Stock Performance

DBD stock opened at $58.63 on Friday. 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 business has a 50-day moving average price of $58.91 and a 200 day moving average price of $54.00. The company has a market capitalization of $2.15 billion, a P/E ratio of -172.44 and a beta of 1.59. Diebold Nixdorf, Incorporated has a 1-year low of $34.88 and a 1-year high of $63.46.

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

Diebold Nixdorf declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DBD shares. Wedbush lifted their target price on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. DA Davidson reiterated a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Diebold Nixdorf in a research report on Friday. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $60.08, for a total value of $2,340,897.04. Following the completion of the transaction, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Diebold Nixdorf 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.