Diebold Nixdorf (NYSE:DBD) Major Shareholder Sells $34,000,000.00 in Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 500,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $354,733,696. The trade was a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Diebold Nixdorf Stock Down 1.8%

Shares of NYSE DBD traded down $1.28 during midday trading on Tuesday, reaching $68.63. The company’s stock had a trading volume of 228,942 shares, compared to its average volume of 201,862. The stock has a market capitalization of $2.46 billion, a price-to-earnings 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 stock has a 50 day simple moving average of $66.38 and a 200-day simple moving average of $61.64. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.73. The business had revenue of $945.20 million during the quarter, compared to analysts’ expectations of $947.43 million. Diebold Nixdorf had a return on equity of 10.89% and a net margin of 1.37%. Equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its board has initiated a share buyback plan on Wednesday, November 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the technology company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Diebold Nixdorf

Institutional investors and hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in shares of Diebold Nixdorf during the 2nd quarter valued at $1,823,000. Walleye Capital LLC bought a new stake in shares of Diebold Nixdorf during the second quarter valued at about $1,510,000. American Century Companies Inc. lifted its holdings in shares of Diebold Nixdorf by 364.5% in the second quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock worth $16,012,000 after buying an additional 226,810 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Diebold Nixdorf in the second quarter valued at approximately $210,000. Finally, Teacher Retirement System of Texas purchased a new stake in Diebold Nixdorf in the 2nd quarter worth approximately $1,308,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $80.00.

About Diebold Nixdorf

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.