Gamco Investors INC. ET AL lifted its position in Diebold Nixdorf (NYSE:DBD) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,991,097 shares of the technology company’s stock after purchasing an additional 359,842 shares during the quarter. Gamco Investors INC. ET AL owned about 5.25% of Diebold Nixdorf worth $61,463,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Diebold Nixdorf by 185.8% in the fourth quarter. Assetmark Inc. now owns 6,801 shares of the technology company’s stock worth $111,000 after acquiring an additional 4,421 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Diebold Nixdorf in the fourth quarter worth $113,000. CENTRAL TRUST Co purchased a new position in Diebold Nixdorf in the fourth quarter worth $128,000. Advantage Investment Management LLC purchased a new position in Diebold Nixdorf in the fourth quarter worth $163,000. Finally, J. Goldman & Co LP purchased a new position in Diebold Nixdorf in the fourth quarter worth $196,000.
Diebold Nixdorf opened at $12.35 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 3.70. Diebold Nixdorf has a 12-month low of $11.43 and a 12-month high of $28.50. The stock has a market cap of $953.27 million, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 4.10 and a beta of 2.06.
Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, May 2nd. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.13). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Diebold Nixdorf had a positive return on equity of 12.89% and a negative net margin of 5.36%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. sell-side analysts predict that Diebold Nixdorf will post 1.02 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Diebold Nixdorf from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. ValuEngine upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. DA Davidson assumed coverage on shares of Diebold Nixdorf in a research report on Wednesday, February 7th. They set a “neutral” rating and a $19.00 price target for the company. JPMorgan Chase set a $21.00 price target on shares of Diebold Nixdorf and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Credit Suisse Group restated an “outperform” rating and set a $19.00 price target (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.80.
In other news, insider Gerrard Schmid bought 10,000 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was bought at an average cost of $11.85 per share, for a total transaction of $118,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick W. Allender bought 25,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $11.87 per share, with a total value of $296,750.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 46,300 shares of company stock valued at $561,340. 0.74% of the stock is currently owned by company insiders.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
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