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

William Blair Investment Management LLC increased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 38.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,272,763 shares of the technology company’s stock after acquiring an additional 350,808 shares during the period. William Blair Investment Management LLC owned about 3.39% of Diebold Nixdorf worth $54,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in shares of Diebold Nixdorf by 21.6% in the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock valued at $22,553,000 after buying an additional 89,840 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after buying an additional 11,917 shares during the last quarter. Skylands Capital LLC grew its position in shares of Diebold Nixdorf by 57.5% in the 4th quarter. Skylands Capital LLC now owns 446,625 shares of the technology company’s stock valued at $19,223,000 after buying an additional 162,975 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $7,901,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Diebold Nixdorf during the 3rd quarter valued at about $319,000. Institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

DBD has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a research report on Thursday, February 13th. DA Davidson upped their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 40,000 shares of the company’s stock, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Diebold Nixdorf Stock Up 2.5 %

DBD stock opened at $43.69 on Tuesday. The stock’s 50 day simple moving average is $43.70 and its 200 day simple moving average is $44.18. Diebold Nixdorf, Incorporated has a fifty-two week low of $30.37 and a fifty-two week high of $51.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 1.32. The company has a market cap 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 earnings per share 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%. On average, research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.